California Jumbo Mortgage 10% Down to $875,000

by Rob on September 2, 2011 · 0 comments

There is an excellent option for getting a jumbo mortgage loan in California where you will not have to put 20% down.  This loan also goes above the new Fannie Mae loan limits of $625,000 throughout California.  You can go up to $875,000 purchase with 10% down in Los Angeles County, Orange County, San Francisco, San Jose, Alameda County, Contra Costa County, Santa Barbara County and many more.  In San Diego County you can go to% down to $796,000.

This loan has very low monthly mortgage insurance.  And if you pay the loan down to 78% of the original purchase price the mortgage insurance can go away in two years.  Some other parameters of this California jumbo loan:

  • primary residence only
  • SFR’s or condos OK
  • 5,7 and 10 year fixed ARM’s available

So don’t hesitate to give us a call at 858-922-7899 or email at homeloan8@gmail.com if you have any questions about getting approved for this excellent California jumbo mortgage.

Regards,

Rob Chomentowski

Sr. Loan Officer

858-922-7899

homeloan8@gmail.com

 

 

 

 

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