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Super jumbos?

Started by PHBuyer
over 13 years ago
Posts: 292
Member since: Aug 2007
Discussion about
I'm curious about the availability of super jumbo mortgages (over $2m). Anyone doing these currently? Any firms specialize in them? What sort of LTV is required? 25%? 30%? More? For simplicity's sake let's say we are talking about a purchase price of $4 million.
Response by PHBuyer
over 13 years ago
Posts: 292
Member since: Aug 2007

Yikes...no responses?

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Response by JButton
over 13 years ago
Posts: 447
Member since: Sep 2011

Chase and Wells Fargo for sure. i'd think plenty of others too. call them

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Response by front_porch
over 13 years ago
Posts: 5316
Member since: Mar 2008

I don't often work the $4 mm segment, but I would think Guardhill would be the place to start.

ali r.
DG Neary Realty

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Response by shong
over 13 years ago
Posts: 616
Member since: Apr 2008

We allow 80% financing up to a $2M loan amount. Generally, the down payment requirements jump to 35% for a loan size up to $3M and 40% up to a $5M loan amount. Those are for coops and condos. For single family homes, we allow 30% for $3M and 35% for $5M. There are some exceptions made for high net worth customers. sunny.hong@bankofamerica.com

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Response by w67thstreet
over 13 years ago
Posts: 9003
Member since: Dec 2008

Amazing. BofA.... You won't foreclose on my LL who hasn't paid a mortgage in 3 years but lending like it's 2007.

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Response by caonima
over 13 years ago
Posts: 815
Member since: Apr 2010

sunny, is BoA still letting the deadbeats live for free for years without question?

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Response by JButton
over 13 years ago
Posts: 447
Member since: Sep 2011

W67 that's Obama for you

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