 jenkin7
Joined: 04 Jun 2007
Posts: 3317
Location: Hawaii
492.11 Dollars($)
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 Posted: Wed Jun 03, 2009 11:52 pm Post subject: |
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Hi kbsmex,
The super jumbo loans are considered to be high risk loans by the lenders. They offer these loans only to those who have a very good credit and payment history. You also need to show good income to qualify for these loans. You are required to put a considerable amount of down payment which can go up to 30%.
There are lenders in this community who offer loans in California. You can ask for a no obligation free mortgage quote from them. They check your credit, income, DTI and other factors and offer you a free mortgage quote, if you qualify for the loan. This will help you know if you qualify for a super jumbo loan and in case you do qualify, you will get to know what rates and terms you can avail yourself of. |
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