$2MM to $40 Million Mortgage loan programs are available to California residents purchasing or refinancing luxury real estate.Super jumbo loans are loans that are over one million dollars.
California has very high home prices because it is a desirable place to live. Over 48,000 million dollar homes were sold in California last year and over 450,000 Californians live in million dollar homes.
Super jumbo loans are common in California due to the huge appreciation in property values over the past 15 years. Lenders over the past few years have designed different loan programs to enable borrowers to afford these homes such as interest only, 50 year amortization and pay option arm programs.
California adjustable super jumbo mortgages are becoming increasingly popular as well, especially among investment Real Estate Owners.
Holmby Hills, California residents frequently require $3+ Million Mortgage loans to purchase or refinance real estate.
Working with a mortgage profession that specializes in million dollar mortgage loans will ensure that you receive the best terms and pricing on your California million dollar mortgage loan. First Security Financial Services regularly advises high-end borrowers and is familiar with all the unique factors that contribute to the successful funding of their million dollar mortgage loans.
Multi-millioan dollar loans are considered super jumbo loans, and they differ from conventional loans. Be sure to get your financing through a mortgage professional who understands how to work with multi-million dollar financing and who has experience with super jumbo loans.
