Scott Storace - Branch Manager, 100 Pacifica Drive Ste. 140, Irvine CA 92618 NMLS #226339 949.973.0141

"From the minute you call me to the minute we close, I have your back. No hassles, no banker’s hours & quick response times." - Scott Storace

  • Home Loans up to $3,000,000
  • Interest Rate Float Down Option
 

Have Questions? Call 949.973.0141

90% LTV Jumbo Loans for Orange County, CA Buyers

Purchasing a home in Orange County is often a tall order.  With high cost homes and unchanged conforming loan limits, buyers are likely to find themselves living between a rock and a hard place.  On the one hand, purchasing a home is the American Dream!  From a purely numerical perspective, it’s also still considered a sound investment especially considering the barreling increase of rents.  Nonetheless, buyers continue to struggle with the amount of cash they are both willing and able to put down on a home.  We’ve been itching for a 90% LTV Jumbo Loan Program!

A program so closely resembling a 90% LTV Jumbo Loan program!  Plus, there's no mortgage insurance!

A program so closely resembling a 90% LTV Jumbo Loan program! Plus, there’s no mortgage insurance!

Certainly there are several options for the buyers I’ve described above.  But, as I’ve said before, each loan program is not right for everyone.  Fortunately, and I write this now with great excitement, PrimeLending has introduced the 89.9% LTV Jumbo Loan Program!

Imagine being able to finance a primary residence up to $1,500,000 with just a little more than 10% invested.  Rather than wipe out your cash savings, meet your conflicted, decision-making self in the middle.  With just slightly more invested, this is nearly the equivalent of a 90% LTV Jumbo Loan.  And, since we haven’t seen any other 90% LTV Jumbo Loan programs in the market, our 89.9% jumbo loan is in a class of its own.

Oh, it gets better!  With the 89.9% LTV Jumbo Loan Program, you don’t have to worry about mortgage insurance either!  Why?  Because it’s not required!

Let’s take a closer look at what this looks like using a fairly common scenario.  Julie and her husband want to purchase their first home in Anaheim Hills, CA.  They’ve been looking at homes for months and have finally found “the one.”  Though they are extremely excited about their find, they are not excited about draining their cash savings on a down payment.  Moreover, they don’t plan to stay in the home for more than five years and keeping that cash on hand is of great importance to them.  With something as close to a 90% LTV Jumbo Loan Program, Julie and her husband can purchase this home and hang on to most of their cash.

If the 89.9% LTV Jumbo Loan Program is of interest to you, please feel free to contact me.  I’d be happy to review your specific situation, provide clear and comparable options that meet your financial goals and answer any additional questions you may have.

Until then, cheers to a happy and healthy New Year where we are as close to a 90% LTV Jumbo Loan Program as we can get!

90% LTV Jumbo Loan 90% LTV Jumbo Loan

90% LTV Jumbo Loan 90% LTV Jumbo Loan

90% LTV Jumbo Loan 90% LTV Jumbo Loan

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