As the market continues to improve we have seen more homes selling over 1 million dollars.   Many buyers pay cash, but for those that are looking to finance their Hilton Head Real Estate there are many sources for Jumbo Money including the three ideas below:

  • Mortgage Network – Contact David Crowell at (843)842-4004.  

This is what David said, “figure 25% down for loans up to 850,000 and 30% down for loans up to 1,500,000. Second homes are fine, no issue.  We can get an equity line AFTER the property has closed, that goes up to 80% and thereby replenishes some of the cash into the purchase.  Rates are fabulous. Think 3.875% fixed 5 years, and 4.125% for 7 years.”

 

David Crowell NMLS #12620

Senior Loan Officer

Mortgage Network, Inc.

1000 William Hilton Parkway

Suite 205

Hilton Head Island, SC 29928

Office: 843-842-4004

Fax: 843-785-6404

  • Merrill Lynch ~ Offers A Lending solution for real estate worth checking out.  Contact David below or your Merrill Lynch Representative!

This is what David said,   “Attached you will find information on our Securities Backed Lending program.  This could be a great tool in this lending environment.” 

David Ruckno

Vice President-Investments

Merrill Lynch

One Chamber of Commerce Drive

Hilton Head Island, SC 29928

843-341-9526

877-341-9522

(F) 843 628-6713

Of course, money is now available for qualified purchasers and there are many options available other than the above.  The key to getting in this market and buying some of these great properties is the confidence that comes from getting pre-qualified and jumping in!