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Is it possible to find an 80/15/5 loan or 95% financing for a property over $1 mil?

I have a credit score of 775+ by JRemin_753_653 from New Bern, North Carolina. Oct 1st 2012 Reply


William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions

Jumbo loans are inherently more risky, since the market is much narrower, and the lenders know this, so larger down payments are required.. for certain employment fields, there are loan products with higher loan to values, but they are reserved for resident or practicing physicians, attorneys, oral surgeons and dentists as well as CPAs... if your field of expertise is not within one of these fields, then you will need a minimum of 10% down, and more likely, 20%.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

Oct 1st 2012
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Travis Torcoletti (travis.torcoletti)
#0 ranked lender in South Carolina - 372 contributions

No way, gotta have at least 10% down on almost all jumbo stuff...it isn't 2006 anymore.

Oct 1st 2012
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Bert Carpenter (BertCarpenter)
#37 ranked lender in Arizona - 2,431 contributions

You're kidding, right? After the losses lenders took, even from "high quality" borrowers, there is no way they are going to let anyone into your price range without significant "skin in the game". The best you are going to find is $90%. ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ Licensed in California and Arizona ~ www.LoansA2z.com 888-889-9950

Oct 1st 2012
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Gene Neal (eneal@athccorp.com)
#31 ranked lender in New York - 281 contributions

No, you won't find this you need to at least place 10% down.

Oct 1st 2012
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Phil Dumouchel (PhilDu)
#32 ranked lender in South Carolina - 2,249 contributions

We have 90% with exceptional qualifications, and if you are a medical doctor there may be a lender that would go to 95%. - otherwise not available that I have found. Some options might allow a loan (not a withdraway) from a 401k to help with the downpayment and not count the repayment a debt.

Oct 1st 2012
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