California Jumbo Buster Loan
What’s a – California Jumbo Buster Loan?
A California Jumbo Buster Loan is where we do a conventional mortgage with a super low 30 year fixed rate (up to the county loan limit) and then we do a 30-year second mortgage up to $500,000. Counties such as ALAMEDA, CONTRA COSTA, LOS ANGELES, MARIN, NAPA, ORANGE, SAN BENITO, SAN FRANCISCO, SAN MATEO, SANTA CLARA, and SANTA CRUZ have conventional loan amounts are up to $765,600. So whether your purchasing or refinancing we can provide loan amounts up to $1,265,600.
California Jumbo Buster Loan Requirements
- Debt to income restrictions are limited to 45%
- The borrower’s credit score should be 700 for a primary residence to be eligible.
- No Mortgage Insurance Required.
- Max LTV 90%
- No reserves required.
- The programs are available for single-family residential housing (regular houses, townhomes, and condominiums). Multi-unit, vacant land, and commercial properties are not eligible.
- 10% down payment required for purchases.
Great way to Refinance out of your high-interest rate Jumbo mortgage loan CLICK HERE TO GET STARTED
Use our convenient lookup tool below to view the loan limits for your specific county.
Comparing Current California Mortgage Rates
Finding the lowest California Mortgage Rates is very important, that’s why we’ve already searched them for you, getting the lowest rate possible could save you hundreds of dollars a year and thousands of dollars over the life of your loan. Yes, having us find you the best Mortgage Rates is a big deal.
Our reviews speak for themselves.
First Florida Financial was highly recommended by a friend to help with a complex home sale. Eddie and his team found solutions quickly that no other mortgage experts could develop. I closed quickly with no issues. The Ezip process is super easy and fast and Eddie”s team is on the...read more→
Dealing with First Florida Financial was truly a great experience. Eddie got back to me immediately in the early stages of the loan and got the ball rolling quickly! After our initial conversation, I felt confident that Eddie was going to get the job done. Our loan was very time...read more→
Applying for a loan is extremely stressful but my experience has been amazing. Eddie always puts the client's interest first and is extremely honest and respectful. He is of unparalleled caliber and authenticity. He is on the ball and his team is great to work with. They do not make...read more→
We want to thank a million times to Eddie Hoskins and his team at First Florida Financial Group. Everything, from initiating contact with Eddie on a Saturday afternoon about five weeks ago, until the closing day, today, all efforts to make this purchase happen were outstanding on their part. Our...read more→
Eddie and Simone exceeded my expectations. Eddie's team was able to offer me a loan that very few lenders do with less money down. We went through the process without any major hiccups and I was able to close on my home much earlier than expected. Simone was especially kind...read more→
From the first call to the closing Eddie and his team were available 7 days a week for any question or even to just guide us through the process. He takes the time to remind you of things that should be considered even when he might not benefit him directly....read more→
I found First Florida through a web search borne out of frustration. I knew there had to be financing out there that would allow me to get a large mortgage with very little down and no PMI. Traditional lenders wanted 10% down minimum. My credit union would do a loan...read more→
I found Eddie and First FL Financial solely by accident doing an internet search. I could of not been happier that I did. I have never met him in person, but can tell that he cares about the customers he serves. The service is incredible. Eddie will respond to all...read more→
Eddie Hoskins Founder & CEO
“My mission is to give our clients their most enjoyable home buying experience, I’m focused on making sure there process is simple.”
We’ve streamlined the mortgage process, close in 30 days or less.
From application to closing, all from the palm of your hand.