Jumbo Loan Advice
I am a first time home buyer and we are prequalified for a mortgage worth $750k with 3 lenders. We live in the Bay area where real estate prices are high and this jumbo loan may not be enough. Where can we get a jumbo that gives at least $1.5M with a 10% down? by rsmartin219 from San Francisco, California. Oct 12th 2021
Joe Metzler (JoeMetzler)
#17 ranked lender in Minnesota - 4,848 contributions
It is all about qualifying income. If they all qualified you for $750,000, that is because that is the maximum lending guidelines say you can afford. If you qualified for $1.5m, they would have told you that. I lend in MN WI IA SD ND. Find me at FirstTimeHomeBuyer-MN.com - Cambria Mortgage, NMLS 274132
Ask our community a question.
Get an answer
Related Questions
