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VA Loans for Jumbo buyers?


Happy Hump Day - Did you know that VA will allow the Veteran Buyer to pay for termite work required to obtain a clear termite report?  It’s true! The purchase contract must clearly state what work will be paid for by the Veteran/Buyer and at what cost. As long as the details are clearly spelled out on the purchase contract, the amounts are listed on the HUD and the borrower has sufficient acceptable assets to do so, the Vet can pay for termite work. Keep in mind the Veteran Buyer[...]


Jumbo Buyer Loan Product / Asset Depletion Loan


"Every Loan is like a Snowflake" This is one of my favorite sayings at Blue Adobe Mortgage. You know that the people that live on the Central Coast are as unique as their homes. Unique situations call for flexible solutions.   Let our "Asset Depletion" loan help your high net-worth buyers Example of Asset Depletion -$2.5M in the bank -$500k being used as reserves -Remaining $2M being used as income via asset depletion (separation of money from actual accounts[...]


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