Here in the Bay Area and many other areas ( Seattle, Denver, and many more) the real estate market is on FIRE.
Some buyers, especially in the “Jumbo” range may have a hard time getting lower down-payment (less than 20%) offers accepted.
We have a unique program here that allows a borrower to place a 20% down-payment offer , but only bring in 10%.
There are several other benefits to this program as well.
Since the other 10% of the down-payment comes from an investor there is no monthly payment due on that 10%… ever! This means your monthly payment is much less than getting a 90% LTV loan or 80/10/10 loan. This means that you can also qualify for “Just a little more” than you would with a typical 10% down Jumbo program.
The program is called the Rex Homebuyer program. See how it works
Contact Us to find out more and for a Free Consultation
NOTE: Not all applicants will qualify. These Programs may have a higher interest rate, more points or more fees than other Programs requiring documentation. Minimum FICO, reserve, and other requirements apply. Programs may not be available in all states. Contact your Loan Officer for additional program guidelines, restrictions, and eligibility requirements. Rates, points, APRs and programs are subject to change at any time without notice.