What is a “HENRY”? It stands for “High Earner Not Rich Yet” — This term is used to describe individuals who have landed lucrative six-figure jobs out of college, but haven’t been able to save enough money for a down payment on their new home purchase. It will take them quite some time to save up the $200k down payment plus reserves necessary to purchase a home… especially in Southern California where home prices have sky rocketed.
These borrowers now have the opportunity to buy that home with the new Jumbo Loan Program offered by Elite Equity.
We now offer Jumbo Loans with only 5% down payment and No Mortgage Insurance. This is a breakthrough loan program with very competitive loan terms – borrowers must have a 740 minimum FICO score, 24 months of reserves after closing and a maximum of 35% debt to income ratio.
Contact us Today to learn more!