Anonymous
Post 08/21/2012 22:27     Subject: Mortgages with minimal deposits?

Those who did - which lenders didi you use?
Anonymous
Post 08/21/2012 20:57     Subject: Mortgages with minimal deposits?

We did it - two trust loan with 10% down. Definitely doable -- we have similar income and great credit.
Anonymous
Post 08/21/2012 11:36     Subject: Mortgages with minimal deposits?

We'd do two-trust, but would prefer to be in the 5-10% down range. Both have credit in the excellent range.
Anonymous
Post 08/20/2012 16:55     Subject: Mortgages with minimal deposits?

Okay, jumbo is over $625k. I wasn't sure if super-jumbo was something else!

It's possible, yes, but it depends on things like your credit and exactly how much less than 20% you want to put down (i.e., 5% versus 15%+). We were approved for less than 20% down (about 15%) on a two-trust loan...one would be for the $625k at a decent rate, and the second loan is for the difference between what we could put down and the remainder of the outstanding price. That trust was at a higher rate, of course.
Anonymous
Post 08/20/2012 16:31     Subject: Mortgages with minimal deposits?

Maybe the term is just jumbo? (Been a while since we looked for a mortgage) That's over 600K, right? We'll likely be looking for something just over $1m.
Anonymous
Post 08/20/2012 15:48     Subject: Mortgages with minimal deposits?

What do you mean by super-jumbo loan?
Anonymous
Post 08/20/2012 15:47     Subject: Mortgages with minimal deposits?

Does anyone have recent experience with how tough it is to get a super-jumbo loan with a smaller (<20%) deposit? We can make the monthly payments, but don't have the 20% on hand and don't expect we'll get it from the sale of our current home. Possible these days? Thanks!