| |
jumbo loan: Some Quick Guidelines for Agents about Super Jumbo Loan Amounts In California - 11/23/09 07:44 PM
Contrary to popular belief, super jumbo loans are available in California. I want to let you know what I have found to be the maximum loan amounts from the lenders that my company is approved with. As you may have guessed, the requirements for super jumbo loans have gotten stricter.
In San Mateo County, where I live, the "agency (Freddie, Fannie)" jumbo limit is $729,750. The term "super jumbo loan" is relative - for the purpose of this article I will consider it to be any loan amount more than $1 million. The following guidelines are for the purchase of primary … (4 comments)
|
jumbo loan: Why A Jumbo Loan In California Is So Hard To Get - 09/10/09 06:11 PM
As a loan officer in California I specialize in the jumbo loan market. I have been encouraged recently by the re-appearance of some lenders (Suntrust, Citimortgage) into the jumbo loan space. Despite the increased competition, it is still very difficult to obtain a jumbo loan because of the strict underwriting guidelines.
I have done a survey of my jumbo loan sources with the purpose of finding some minimum standards required in each area of underwriting. Here is what I have found:
Stated income is virtually non-existent. However, I have one jumbo loan lender that will do stated income for large loan amounts. I … (9 comments)
|
jumbo loan: Jumbo Loan San Mateo CA - 08/21/09 05:49 PM
Are you looking for a jumbo loan in San Mateo, CA? I can help you. As a mortgage broker in Burlingame (right next door to San Mateo), I am able to match you with the best jumbo loan for your needs because we are partners with many of the best jumbo lenders in the country.
As a mortgage broker, I save you money, time, and hassle in obtaining a jumbo loan.
I save you money because I offer a smorgasbord of jumbo loan programs.
If you call a bank they will offer you only the programs they have. Their … (5 comments)
|
jumbo loan: Jumbo Loan in San Francisco - 07/30/09 02:54 PM
Getting a jumbo loan for homes in San Francisco has been difficult this year. Many of the lenders have either gone out of business, or have dropped their programs.
Finally, some lenders are offering a jumbo loan program, which should help San Francisco home buyers buy homes in this expensive city.
Now in July, 2009, we are offering a jumbo loan up to $1,500,000 as long as the loan-to-value percentage is less than 70% for San Francisco homes. A 10% second mortgage is allowed. So, for a home purchase of $2,000,000, a home buyer could put as little as … (7 comments)
|
jumbo loan: Jumbo Mortgage Loan Rates and Terms Update - 07/28/09 03:45 PM
Contrary to popular belief, there are good rates available for jumbo mortgage loans. Here in California, our most popular mortgage allows you to borrow 70% of the value of the property up to a loan amount of $1,500,000. An 80% combined loan amount is allowed.
Our main jumbo loan sources are Citimortgage, US Bank, and ING Mortgage. Each of them has their specific niches that I think are strong.
Citimortgage is strong with their 30 year fixed rate and 5/1 LIBOR ARM. They allow the highest jumbo loan amount up to $1,500,000. They also allow interest-only on their ARM.
US Bank has very good … (0 comments)
|
|
|
|
|
|
Phil Caulfield NMLS# 386911 Jumbo and FHA Mortgage Loans California
Burlingame,
CA
More about me…
Pre-Approval, First Time Buyer, Fixed Rates
Address: Burlingame, Hillsborough, San Mateo, Foster City, Redwood City, San Francisco, San Carlos, Atherton, Woodside, Portola Valley, Half Moon Bay, Burlingame, CA, 94010
Cell Phone: (650) 222-0386
Email Me
 Listings
Links
Archives
|
;)
;)
;)
