Dream Home Made More Accessible

As the real estate market begins to pick up and the prices of properties are steadily climbing, the image of a dream home in our minds become bleak. Maybe we have saved up enough X amount for a down payment but now, that money covers only half of the payment we intended it for.

The good news is, there are some programs that can qualify us for financing of up to $1,250,000 with as low as 11% down payment. So we can still purchase that dream home even though the price of the property has increased.

The following is a sample worksheet that features a computation on how this jumbo program applies:

$1,400,000

Purchase Price

$1,246,000

Loan Amount

$6,221 

Monthly Payment & Interest

11%  ($154,000)                    

            Down Payment

4.375%Rate 4.554%APR       

Qualification is based on income, credit, and a completed loan application. 

All rates subject to change without prior notice.

If you have any questions or just wish to avail of our free consultation, please call 310-318-8999 or visit www.redondomortgage.com

Integrity has allowed RMC to remain in the service of the Southern California community since 1989. Its commitment to excellent service is the main source of its repeat clients and referrals. RMC believes in making homeownership a possibility for all.