85% Loan to Value to $1,000,000 and No Mortgage Insurance

I wanted to re-post this email I just got from a lender to pass along this valuable information for those of you shopping for a new home and not sure what options you had for loans.  This is not an endorsement of this loan program, just another resource provided to consumers.

 

PrimeLending is pleased to announce we are offering Jumbo financing with a 15% down payment and there is no mortgage insurance!

The typical down payment on Jumbo loans is 20%. With less equity coming from the sale of homes buyers are finding it harder to come up with the required minimum down payment requirements when financing properties in the higher sales prices.

We are offer both Fixed Rate and Adjustable Rate loans with our new Expanded Opportunity Loan. There is not a second loan or Home Equity Line associated with this program, just one first loan.

We are seeking ways to better assist your clients with their financing needs to help structure your next transaction. Please let me know any questions you may have.

 

		28202 Cabot Road #135 Laguna Niguel, CA 92677
	Kevin Budde Branch Manager Office: 949.325.1254 Cell: 949.422.2075 Fax: 866.908.3894 kbudde@primelending.com http://www.loanapprovalsfast.com/ NMLS: 325450