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Low Down Payment Super Jumbo Loans – California

Posted February 6th, 2014 in Mortgage Loan Insights

Low down payments on super jumbo California loans are our specialty.

For practicing MD / Dentist / CPA / Attorneys we offer super jumbo loans in California with as little as 5% down with no mortgage insurance required, no reserves, 700 mid-FICO qualifying scores and a choice of 5/1, 7/1 ARM or 30 and 15-year fixed options.  This program can provide up to 80% financing on loan amounts up to $4.0 million dollars!

For everyone else, we offer 10% down super jumbo loans to allow you to purchase property up to $1,375,000, or 15% down to purchase or refinance property valued at up to $2.0 million dollars.

Our super jumbo loans with low down payment / equity are available as “80-10-10” combo loan structures, with a 1st loan that can be a 5/1, 7/1, 10/1 ARM or 30 / 15-year fixed. Our concurrent 2nd loan options are available in both Home Equity Credit Lines (with interest-only payments) or a 15-year fixed-rate program.

For those with a bit more cash / equity, we offer leveraged single-loan programs with lower down payments:

  • 20% down to $2.0 million
  • 25% down to $3.0 million (20% down with seller / private 2nd)
  • 30% down to $5.0 million (20% down with seller / private 2nd)

The new “Qualified Mortgage” standards implemented after January 10, 2014 have resulted in many jumbo mortgage banks dropping Interest-Only jumbo loans from their product lines. We continue to offer Interest-Only super jumbo loans in 5/1, 7/1, and 10/1 ARMs, up to $10.0 million dollars. 

See my Super Jumbo Loans page for more information on these unique loan programs.  Call 1-800-644-8829 or inquire online.

Call now for a free no-obligation home loan consultation:
Valencia / Santa Clarita / Los Angeles: (661) 255-9824 | Toll-Free: 1 (800) 644-8829   Inquire Online  
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Disclaimer: The advice and opinions expressed herein do not constitute legal advice and are intended for general informational purposes only based on the working experience of the author only. The author is not a licensed attorney. The opinions contained herein are made exclusively by the author and not those of Augusta Financial Inc, it's ownership, management, or other employees. No guarantees as to the validity or legal aspects of the information contained herein are made, express or implied. Accuracy of this information is subject to change per market conditions or the author's experience in the industry. No guarantees are expressed or implied as to the viability of real estate as an investment. Personal credit issues are subjective. Real estate, finance, investment, and landlord-tenant laws and regulations vary state-by-state. You should consult with a licensed real estate attorney in your area for all matters pertaining to the legal aspects of selling, purchasing, financing, investing in, or rental of real estate whenever legal and/or financial implications are (or should be) a consideration. Page copy protected against web site content infringement by Copyscape
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