10-15% down Jumbo portfolio loans in California?

Posted on May 08

Question: I am looking for a Jumbo loan on a purchase price of 1.1 million in California. 10-15% down, with 2-3 months reserves. Is anyone aware of banks that carry portfolio loans of this type?

Alternatively, is anyone doing attorney/professional jumbo loans with low down payments?

Our guidelines allow 80% LTV to a $1,000,000 loan. With superb credit and assets, it’s possible we would consider a 80% 1st, and a 5% HELOC to get your to 85% CLTV. Please contact me if you’d like additional information.

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