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When it Comes to Jumbo Loans....

By
Mortgage and Lending with Cherry Creek Mortgage Illinois Residential Mortgage License LMB #0005759 Cherry Creek Mortgage NMLS #: 3001 NMLS ID# 158606

There are some pretty awesome options.

Just this past week we approved a Jumbo Loan with only 10% down payment.  Most Jumbo lenders want 30%, but most have options for as little as 20% down.  The realtor, the client, the sellers and everyone is thrilled that we have an approval for a 90% LTV!

Oh yeah....no escrows and no mortgage insurance. 

There are a lot of great options out there, but most lenders don't offer everything under the rainbow.  It's important to be versatile in this environment......

Sometimes it's fun being the hero!

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Comments(3)

Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

Great to hear about Jumbos Larry, they are quite popular around the North Shore.

Mar 12, 2014 11:48 PM
Kristin Johnston - REALTOR®
RE/MAX Platinum - Waukesha, WI
Giving Back With Each Home Sold!

You do such a good job at educating folks on every option available...well done!

Mar 13, 2014 12:49 AM
Troy Erickson AZ Realtor (602) 295-6807
HomeSmart - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Larry, it's very difficult for the average consumer to know everything that might be available to them. That, to me, seems to be the biggest problem. Every lender offers different deals and has different options for their customers, so it can easily be overwhelming.

Mar 13, 2014 02:46 PM