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90% LTV JUMBO? 700FICO? Purchase ...HELP!!!!!

I have a $900K Purchase, of a SFR in New Mexico. Borrower has $90K Down Payment. Loan Amount is $810K. FICO is 700. Good DTI. Borrower is S/E.


Is there any lender who can do this at a reasonable rate?

Does anyone know how we can investigate Mortgage Insurance Availability upfront in the process?

US Bank does these but requires a 750 FICO. My borrower ONLY has a 700.
by StillDeep July 24, 2009 10:33 AM


Can you split it up? An 80/10/10? My suggestion was going to be US Bank.

Dat's all I's got.


by ICD's No. 1 Groupie July 24, 2009 10:52 AM


ICD Who can do the 10/10 at a 700 FICO? I remember not so long ago when a 700 was considered a "good" score. Now it can't even make the CUT??

At this point I am looking for suggestions on simply,......

Can any lender known to our online community get it done on a 30 year fixed, even at what might be considered a higher rate?

Thanks for any and all useful input!!
by StillDeep July 24, 2009 11:09 AM


I CAN HELP YOU WITH THIS LOAN. PLEASE GIVE ME A CALL.

CHUCK CRAWFORD 937-414-6191

CCRAWFORD1204@AOL.COM
by chuckec1204 July 24, 2009 12:08 PM


I'm grasping of course, but wouldn't US Bank do the second with that score?

Heck, I don't even know if 90% CLTV on a Jumbo flies anymore.

I'm lucky if my loans top $100,000 so I have a whole different set of challenges than the average guy.

I'm still looking for you though....I thought maybe GSF had something, but I don't see anything on their rate sheets.

Try doing a regular loan scenario on here and see if you get any legit takers.



by ICD's No. 1 Groupie July 24, 2009 12:10 PM


i do not think US bank will do that high of CLTV.
by theartofmortgage July 24, 2009 1:20 PM


My Basic Loan Scenario request got "Zero" , relevant Hits.

Perhaps I should be looking for who can do an 80% 1st and/or a 10% second.

I guess a $720K 1st and a $90K 2nd would work.

Anyone know who might do the second on Jumbo to 90% CLTV?

US Bank won't do our 700 credit score.



by StillDeep July 24, 2009 3:48 PM


PRIVATE STATED JUMBO FINANCING PROGRAM


Purchase Only

US properties only (no paper or International funding avail)

Financing from $500,000.00 to $20,000,000.00 (All 50 States)

Residential and Commercial (no blanket / umbrella loans)

No Credit or Income

No Seasoning Requirements

Closings in 10 to 15 Business Days (may vary depending on appraisal)***

Rates Range From- 7% to 9% (Residential and Commercial)

Down Payment For Residential 15% (Unseasoned and Unsourced)

Down Payment For Commercial 20% ( Unseasoned and Unsourced)
(seller credits on lease to purchase will be considered on case by case; Borrower will still need to put down required down payments)

Down Payment for Construction up to 40%

Corporate closings are acceptable

Income supportive; more than one property purchase acceptable


Please email me at amyperez63@aol.com and I will forward FULL DETAILS, GUIDELINES and APPLICATION.

by SangerFinancial July 27, 2009 1:44 PM


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