Why can I not get a loan?

[sdduuuude]

[quote=ncounty4]We can actually afford well over an $800k house from a monthly cash flow perspective, but still value things like savings and investing.[/quote]

Then rent an $800K house and put difference between your rent and your expected payment into the bank every month.

Build up your down payment and let this market settle. This is a terrible time to buy in that price range.

[Anonymous]

Did you try credit union? It seems they are more willing to lend than banks in this business environment. I heard someone got a jumbo loan from Point Loma with pretty good rate last month, but not sure how much downpayment he put down.

[Anonymous]

Did you try credit union? It seems they are more willing to lend than banks in this business environment. I heard someone got a jumbo loan from Point Loma with pretty good rate last month, but not sure how much downpayment he put down.

[Anonymous]

Did you try credit union? It seems they are more willing to lend than banks in this business environment. I heard someone got a jumbo loan from Point Loma with pretty good rate last month, but not sure how much downpayment he put down.

[Anonymous]

Did you try credit union? It seems they are more willing to lend than banks in this business environment. I heard someone got a jumbo loan from Point Loma with pretty good rate last month, but not sure how much downpayment he put down.

[Anonymous]

Did you try credit union? It seems they are more willing to lend than banks in this business environment. I heard someone got a jumbo loan from Point Loma with pretty good rate last month, but not sure how much downpayment he put down.

[DWCAP]

Just so I can get this straight. You already own a house, but it is underwater or at a breakeven point. You want to buy a 800k house with 10% down. You could put more down, but dont want to liquidate more assets to do it.

Are you trying to sell the house you already have? Are you gonna walk as soon as you get your nice house?
Couldnt you compromise and get your house down to the 600’s. That would make your 80k into 15% and make your loan into jumbo conforming territiory.

[DWCAP]

Just so I can get this straight. You already own a house, but it is underwater or at a breakeven point. You want to buy a 800k house with 10% down. You could put more down, but dont want to liquidate more assets to do it.

Are you trying to sell the house you already have? Are you gonna walk as soon as you get your nice house?
Couldnt you compromise and get your house down to the 600’s. That would make your 80k into 15% and make your loan into jumbo conforming territiory.

[DWCAP]

Just so I can get this straight. You already own a house, but it is underwater or at a breakeven point. You want to buy a 800k house with 10% down. You could put more down, but dont want to liquidate more assets to do it.

Are you trying to sell the house you already have? Are you gonna walk as soon as you get your nice house?
Couldnt you compromise and get your house down to the 600’s. That would make your 80k into 15% and make your loan into jumbo conforming territiory.

[DWCAP]

Just so I can get this straight. You already own a house, but it is underwater or at a breakeven point. You want to buy a 800k house with 10% down. You could put more down, but dont want to liquidate more assets to do it.

Are you trying to sell the house you already have? Are you gonna walk as soon as you get your nice house?
Couldnt you compromise and get your house down to the 600’s. That would make your 80k into 15% and make your loan into jumbo conforming territiory.

[DWCAP]

Just so I can get this straight. You already own a house, but it is underwater or at a breakeven point. You want to buy a 800k house with 10% down. You could put more down, but dont want to liquidate more assets to do it.

Are you trying to sell the house you already have? Are you gonna walk as soon as you get your nice house?
Couldnt you compromise and get your house down to the 600’s. That would make your 80k into 15% and make your loan into jumbo conforming territiory.

[ncounty4]

No need for everyone to assume the absolute worst.

No, we are not irresponsible people.
No, we are not planning on “walking away” from our current house and I’m offended by the assumption.
No, we are not planning to assume mortgage payments on two houses.
No, we are not buying a new house before we sell our existing house. But no need to sell our house if we can’t get a loan for another house.
No, we don’t think the government should bail us or anyone else out of this situation.
No, we don’t think that renting is a wise financial choice in our tax bracket.
No, we don’t want to buy a house that our family will outgrow in another 3-5 years. We’re buying for the long haul this time.
No, we don’t think that pouring absolutely every penny we owe into our home is smart. We value maintaining a substantial emergency fund, diversified portfolio, etc.

[ncounty4]

No need for everyone to assume the absolute worst.

No, we are not irresponsible people.
No, we are not planning on “walking away” from our current house and I’m offended by the assumption.
No, we are not planning to assume mortgage payments on two houses.
No, we are not buying a new house before we sell our existing house. But no need to sell our house if we can’t get a loan for another house.
No, we don’t think the government should bail us or anyone else out of this situation.
No, we don’t think that renting is a wise financial choice in our tax bracket.
No, we don’t want to buy a house that our family will outgrow in another 3-5 years. We’re buying for the long haul this time.
No, we don’t think that pouring absolutely every penny we owe into our home is smart. We value maintaining a substantial emergency fund, diversified portfolio, etc.

[ncounty4]

No need for everyone to assume the absolute worst.

No, we are not irresponsible people.
No, we are not planning on “walking away” from our current house and I’m offended by the assumption.
No, we are not planning to assume mortgage payments on two houses.
No, we are not buying a new house before we sell our existing house. But no need to sell our house if we can’t get a loan for another house.
No, we don’t think the government should bail us or anyone else out of this situation.
No, we don’t think that renting is a wise financial choice in our tax bracket.
No, we don’t want to buy a house that our family will outgrow in another 3-5 years. We’re buying for the long haul this time.
No, we don’t think that pouring absolutely every penny we owe into our home is smart. We value maintaining a substantial emergency fund, diversified portfolio, etc.

[ncounty4]

No need for everyone to assume the absolute worst.

No, we are not irresponsible people.
No, we are not planning on “walking away” from our current house and I’m offended by the assumption.
No, we are not planning to assume mortgage payments on two houses.
No, we are not buying a new house before we sell our existing house. But no need to sell our house if we can’t get a loan for another house.
No, we don’t think the government should bail us or anyone else out of this situation.
No, we don’t think that renting is a wise financial choice in our tax bracket.
No, we don’t want to buy a house that our family will outgrow in another 3-5 years. We’re buying for the long haul this time.
No, we don’t think that pouring absolutely every penny we owe into our home is smart. We value maintaining a substantial emergency fund, diversified portfolio, etc.

[Author]

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