Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 11 years ago,
Doctor 80-15-5 Mortgage in MA or 95% Jumbo. Who does it?
Hello,
So my wife and I are in the process of buying our first home. It will be our primary residence, it is located in MA. Everything is complete, P&S, appraisal, etc.
The home is appraised at the purchase price of $895,000. We have excellent credit >765, low debt, and excellent income. I am a doctor, which is relevant, as some lenders only do 5% for certain professions.
We ONLY wish to put down 5%.
So, my question is, who offers either 95% jumbos, or an 80-15-5 mortgage for this loan amount of $850,000????
All information appreciated.
We are NOT interested in options putting down more than 5%.