Are super jumbo loans the best option?
I am selling my home to buy my dream luxury home soon. I am buying in an expensive location and was wondering if a super jumbo loan is the best option for me. My current home is on the market for $19M and my credit scores are above 680. Are lenders strict on how much income I show on tax returns? by ponchsantos764 from Los Angeles, California. Jan 23rd 2023
Dave Skow (daveskow)
#15 ranked lender in Washington - 455 contributions
you should get a basic idea as to the amount of loan you will need/ want and then locate a lender that will be able to provide a loan amount large enough for your scenario . Begin the formal pre approval process if you are witin 90 days of selling / buying
Joe Metzler (JoeMetzler)
#17 ranked lender in Minnesota - 4,843 contributions
My best advice is to get off the internet, and reach out to a local mortgage broker in the area you wish to buy. Don't be afraid to give them a few application to review. They can then zero in on the best options for YOU based on your exact situation. I lend in WI, MN, IA, ND, SD, Find me at FirstTimeHomeBuyer-MN.com | Cambria Mortgage | NMLS 274132
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