San Diego County Low Down Payment Mortgage 99.50% LTV – California Mortgages Only
99.50% LTV Mortgage (non-VA)! Know anyone who wants to buy a San Diego County Low Down Payment Mortgage 99.50% LTV? Who do you know who wants to buy a home but cannot afford a large down payment? As Real Estate Professionals, we all know that interest rates are still hovering at historical lows, underwriting guidelines are still shutting many Buyers out of the market, and Sellers are motivated to sell. Allow me to expand your available pool of Buyers by offering another great option!
Did you know a 99.50% LTV is available on a Purchase Mortgage Loan? Are you (or your Clients) interested in investing less than the typical 3.50% down payment required by the Federal Housing Administration (FHA), and not eligible for a Veterans Administration (VA) loan?
I am proud to introduce a great option to consider…how about only putting down 0.50% percent (99.50% LTV)? This is NOT a gimmick!
For reference, on a:
- $300,000 sales price, the down payment would only be $1500.00!
- $350,000 sales price, the down payment would only be $1750.00!
- $400,000 sales price, the down payment would only be $2000.00!
A brief summary of the underwriting guidelines are listed below:
- Income Limits:
- $90,600: San Diego County
- $85,200: Los Angeles County
- $85,200: Riverside County
- $104,640: Orange County
- $119,280: San Francisco County
- Other Counties Available
- Eligible Properties: SFR, Approved Condominiums, PUD’s
- Occupancy: Owner Occupied Only
- Loan Types: 30 Year Fixed, Fully-Amortized Only
- Minimum Credit Score: 620
- Maximum Loan Amount: $417,000
- Flip Policy: Property flips within 90 days are allowed only if the new sales price is >20% of an increase over the Seller’s recent acquisition cost
This limited-time San Diego County Low Down Payment Mortgage 99.50% LTV program is only available through select Lenders.
Among the Lenders offering this San Diego County Low Down Payment Mortgage 99.50% LTV loan program is Primary Residential Mortgage Incorporated (PRMI).
Among the specific Loan Officers trained to offer this San Diego County Low Down Payment Mortgage 99.50% LTV is Jason Gordon. For details and for pre-approval instructions, contact Jason Gordon at Primary Residential Mortgage Incorporated (PRMI).
For more information on topics like this, please feel free to visit www.MortgageStreetSmarts.com (an educational resource for Borrowers, Real Estate Agents, and Financial Professionals). Educational content provided by:
Jason E. Gordon
Residential Mortgage Specialist
CMPS, CDPE, NMLS 259027
Office: 619-200-8031
Email: info@MortgageStreetSmarts.com
Online Application www.MortgageStreetSmarts.com
- VA Mortgage Loans in California
- FHA Mortgage Loans in California
- Conventional Mortgage Loans in California
- Hard Money Mortgage Loans in California
- Reverse Mortgage Loans in California
- First Time Home Buyer Loans available in California
- Move Up Buyers looking to advance their real estate holdings
- Vacation Homes for the up and comers
- 2nd Home Loans with pricing as good as Primary Loans
- Investment Property Financing with 20% down
- Ficos as low as 620 for First Time Home Buyers
To see if you qualify (and to obtain a current market interest rate quote), click here for a secure online loan application form.
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