Most people think if you want a Jumbo Loan you have to put 20% down, and a minimum FICO of 720. In a market like Laguna Beach Real Estate you might have cash problems buying a home. I’m here to show you a couple of ways that we can help you get into a new home with less than 20% down.
Let me explain the opportunity to get a jumbo loan with as little as 10% down.
Brief description as follow:
Purchase Amount would be: $833,450
Down Payment of $83,450
Max Loan Amounts will be $750,000
Minimum FICO score of 700
Also, we have the opportunity to get a jumbo loan with as little as 15% down.
Brief description as follow:
Purchase Amount would be: $1,500,000
Down Payment of $225,000
Max Loan Amounts will be $1,275,000
Minimum FICO score of 720
With both scenarios, you can always bring more cash to the table to raise the purchase price. I’m just giving you minimum down examples. If you would like to get more details, and see if you might qualify for this type of loan program, contact us at Integrated Realty Group for your Orange County home purchase.