Jumbo mortgages can be great option:
01
If you have very high income and stock options, which you do not want to exercise right away.
02
Entrepreneur who has funds for downpayment and stable business revenue.
03
Consider acquiring an investment property, even as a first home buyer.
My name is Steve Tsvetkov and I am a licensed mortgage broker with over 11 years of experience helping clients finance their dreams and savings money on their mortgage payments.
My professional career started in Google, where I worked in IT/software, but, my desire to interact with people led me into the world of real estate.
My professional career started in Google, where I worked in IT/software, but, my desire to interact with people led me into the world of real estate.
Your personal mortgage broker
$1,000,000,000
Closed mortgage loans in my career
11 years
Successful career in mortgage lending
TOP 42
Mortgage brokers in the country
Free consultation
Exclusive wholesale lending partners
Important!
We partner with over 40 different lenders across the nation. Most of these banks do not have a retail department and give us access to their programs at a “wholesale” level.
This means that we can pass along the savings to our clients and offer competitive options that they may not be able to find on their own.
This means that we can pass along the savings to our clients and offer competitive options that they may not be able to find on their own.
By submitting this form, you agree to our Privacy Policy and consent to the processing of your personal data.
Our services are paid directly by our lending partners, so they are absolutely free for you. I will personally set up a call and go over your Jumbo options with you. We will discuss how to get you the lowest interest rate, the lowest down payment, or both!
I will personally conduct a consultation for you, where I will tell you everything
The secret to a successful deal is a systematic approach working together towards the same goal.
You fill out a small questionnaire
Fill out a short loan application to get to know you better and your financial situation. Because mortgage loans are so complex and many Americans do not understand how they work, it is very important to understand that this inquiry will go to my team first. If for any reason we need to edit or add something to your inquiry, we will still have an opportunity to do so prior to submission to a lender.
1
Discussion of details
You will be assigned a personal account manager that will work with you through all stages of the process and will be available to answer any questions or concerns you have along the way.
2
Soft Credit Check
Soft Credit Check - this is one of the most concerning questions we get asked from potential clients, we have decided to run a soft check for ALL clients during the initial loan application stages, this is a no commitment and a no cost approach that will not affect your credit history.
3
Consultation call
After full review of your finances and borrowing power, our licensed agent will reach out and go over in detail what options are available to you and answer any questions or concerns that you may have. This is absolutely free and can range from 15 min to 60 minutes.
4
Working together towards a closing
Working together towards a closing - if you are refinancing you can expect to finish the process in 2-3 weeks, however, if you received a pre-approval from us and have begun the process of shopping for a home, we understand that this may take time, we have a no pressure approach.
Our team is ready to answer any questions you may have during your home searching process and are here for you throughout the day and even weekends.
Our team is ready to answer any questions you may have during your home searching process and are here for you throughout the day and even weekends.
5
Get started
life-changing lending
Bogda and Vera
A working family, husband and wife. The family has been in the states for about 5 years Both work on a salary, hourly wages, they have a good credit rating, but could not raise free money for the first installment. The husband earns a little more than $7,000 a month, and the wife earns a little more than $3,400. But using the new first payment assistance program, we were able to afford to buy a house in Sacramento California built in 1977 with a fresh renovation and an area of more than 1500Sq ft. The cost of the house is $492,000 , the help for the first payment was $14,400. The necessary money to close such a transaction took $ 16,387 and the monthly payment was only $ 3,795, which already includes both real estate tax and mortgage insurance. Which is only about 38% of their monthly income now. And after 5 years, this percentage will fall, and the rent will rise, and They will have been paying for their housing for 5 years.Such options can be made all over the country
Sahab
A novice IT specialist, with a salary of $ 120,000 per year. At the time of purchase, he was divorcing his wife and had to look for an option where to live. I didn't really want to pay the rent, but there was practically no money for the initial payment and closing the deal. But he was lucky to live in California. There are down payment assistance programs from the state. Which allowed him to purchase a house worth $615,000 for just $1,000 out of pocket. And now for more details. We used the FHA loan state mortgage program, which allowed us to purchase his house. We also received a loan from the seller of $24,000, which amounted to 6% of the amount - this is the maximum percentage allowed for this type of mortgage and also the down payment assistance was $21,525 And the monthly payment was only $4,700, which already includes both real estate tax and mortgage insurance. Of course, the payment is significantly higher than the rent, but in the future this will allow him to change his taxes and lead to almost the same payment as the rent.
Elizaveta and her son Alexander
Elizaveta and her son Alexander arrived in the USA just over two years ago. Upon arrival, Elizaveta immediately started working as a private tutor. Before purchasing her home, she had only two years of work history in the USA, and her son had been working for an IT company for about 8 months. They filed low taxes and had many deductions. But even in this scenario, we had a solution that allowed her and her son to move into their new condo with a two-car garage built in 2015. The property price was $830,000. Let's take a closer look at her situation. Elizaveta had an apartment in Moscow, which she sold when she decided to stay in the States permanently. It took several months to transfer the money to the USA and deposit it into her account. Her monthly income before taxes was only $7,500, and her son Alexander earned slightly over $5,000. Our partners have a program that allows income calculation based on bank statements, which enabled them to purchase their property. To reach the amount needed for the property, we used both of their incomes. Now, let's get back to the numbers.
Client Raj, a Software Engineer
Raj is a Software Engineer, and his wife is also a Software Engineer. They only had enough money for a 10% down payment. The house they liked was priced at $1,502,000. Raj also had company stocks, but he couldn't sell them at the time of purchase. Their combined income wasn't enough to buy a house in this price range. However, since the client really wanted it, we made it happen. A loan in this price range is called a Jumbo loan. Now let's look at the mechanisms that allowed us to make the deal and secure the financing. These creative solutions can only be offered by brokers, as banks aren't as flexible.We took out a loan against the future home for 15% of its value, known as a HELOC, and combined it with their 10% down payment to reach a total of 25%, which amounted to $375,500. The HELOC was for $224,000. The monthly payment, including taxes and HOA, was $11,641, which was satisfactory for the client at the time. The HELOC functions like a credit card, and when Raj is able to sell his stocks, he can pay off part or all of this loan, which will reduce the monthly payment.
Let's Meet Victor
Victor works as a Software Engineer with a good salary of almost $22,000 per month. He wanted to buy his first home in California but didn't want to take out a standard 30-year mortgage. Instead, he wanted to try a more aggressive approach. This allowed us to offer him an interest rate of below 6% for 15 years, while the standard 30-year mortgage rate at that time was 7%. Now, let's look at the numbers.The house cost $710,000. Victor was ready to make a down payment of $240,000, which was nearly 34%. Since the down payment was more than 20%, mortgage insurance was excluded from the monthly payment. The monthly payment, including property tax, amounted to $4,824 for a 15-year mortgage.As we can see, the aggressive approach allowed him to make a mortgage payment that is almost equivalent to the cost of rent.
Polina and Andrey
Polina and Andrey are a family working for one of the largest telecommunications companies in California. They both hold positions as Senior Software Engineers, which allows them to generate a monthly income of $70,000. The family wanted to purchase a high-end home for $4,000,000. They viewed this house both as a place to live and as an investment for the future because homes in this price range tend to appreciate rather than depreciate.To enter into such a deal, a down payment of 25% was required, amounting to $1,000,000. With such a high value, we were able to negotiate with our partner banks to secure them an annual interest rate of 7%, which was almost identical to the rate for standard mortgages. To make the down payment, Polina and Andrey sold their apartment in Russia, and transferring the money to the USA took about 2 months. They also sold some of their company stocks. In parallel, they searched for their dream home, which we are now discussing.The mortgage payment for such a loan was $24,426, which is 35% of their monthly income.
We answer your questions
Find out the answers to the most common questions of our customers
Our services are provided without any additional fees, and the company works on a commission basis from lenders. This means that the cost of our services depends on the terms of the chosen mortgage program and the specific loan.
The cost of wholesale banks can vary depending on specific programs and terms. Our company works with several wholesale lenders, and they may offer different interest rates and terms. For accurate information, fill out an application for a consultation or give us a call.
Don't worry!!! We offer a variety of programs that can help you get a mortgage with no down payment. Let's discuss all of your options so you can find the most suitable solution.
We offer our services in the following states: California, Florida, Texas, South Carolina, North Carolina, Minnesota, Oregon, Pennsylvania, Washington, Colorado, Ohio, and Georgia.
Buying a home can be a good investment, especially in growing neighborhoods or high-demand locations. Jumbo mortgages are often used to finance more expensive properties, which can be beneficial from an investment standpoint.
The time to complete the transaction can vary depending on the complexity of your application and specific loan terms, but it typically takes between 30 and 45 days. We will do everything we can to expedite the process and ensure you close your transaction quickly.
Services
Favorable terms for every borrower
Jumbo mortgage
Searching for a high-end property and need guidance about Jumbo loans? We will shop our wholesales banks and credit unions for the best terms with lowest interest rates for you
Mortgages for recent immigrants
Full guidance for those who recently moved to the USA and dream about owning their own home. We will select the best terms available to you, even with a low credit score.
Mortgage for retirees
For clients in retirement that have a mortgage or wish to explore obtaining a new mortgage for financial stability. We will explore all options available to you, even if your income has dramatically decreased while you enjoy your golden years.
Refinance options
Do you have a mortgage already ? Refinance can help lower payments, consolidate debt, plan for retirement, fund other purchases including, but not limited to a real estate purchase( for leisure or investment).
Enlist the professional support of a mortgage broker
Start the mortgage approval process with Steve Tsvetkov
