These are loans Mike Wright recently funded for buyers and homeowners across California. Each example shows the challenge, how the financing was structured and the loan program behind it, so you can see what may be possible in your own situation.
Jumbo purchase
The buyer, a self employed business owner, qualified with business bank statements instead of tax returns. A bridge HELOC on the current home covered the down payment, so the family could buy before selling. The loan closed in 30 days.
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Cash out refinance and HELOC
A year after a major renovation, a new appraisal reflected the home’s improved value. A cash out refinance returned much of the renovation spend, and a separate home equity line keeps funds available for future projects.
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Move up purchase
A HELOC set up months earlier on the current home let these buyers write an offer with no home sale contingency and short loan and appraisal contingencies. Mike kept the listing agent informed throughout, and the loan closed in 14 days.
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HECM reverse mortgage
An FHA insured HECM reverse mortgage let this homeowner stay in his home, settle existing obligations and receive monthly proceeds. A set aside now reserves funds for future property taxes and homeowners insurance.
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Jumbo cash out refinance
Seven years after Mike first financed this home, the client’s adjustable rate loan was nearing its first adjustment. Two loans were consolidated into one new first mortgage, an existing lien was subordinated into second position and complex business income was fully documented.
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Bank statement jumbo loan
This business owner qualified for a jumbo purchase loan using 12 months of business bank statements instead of tax returns. Choosing the right program from the start made for a smooth closing.
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Bridge loan
Bridge financing through ARBOR’s Private Bridge Fund, secured by the current home and an investment property, gave this buyer the funds for an all cash purchase without traditional income qualification. The purchase closed in 10 days with no sale contingency.
Ask Mike about bridge financing
Condo purchase
A retiree moving from Palm Desert bought a condo in a building with ongoing litigation. Mike worked through the building review, used retirement distributions as qualifying income and structured gift funds and reserves to meet program requirements.
Ask Mike about condo financing
Asset based purchase
After several years of renting, a retired buyer with limited traditional income qualified based on her investment portfolio. She bought her new home without selling the investments she had spent years building.
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Jumbo purchase
After more than 30 years in the Bay Area, these clients sold their longtime home and financed a golf course home in La Quinta for the next chapter of their lives.
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Jumbo purchase
A physician running two practices came to Mike with 7 days left to remove his loan contingency. Mike worked directly with the client’s bankers and advisors to gather documents, and the contingency was removed on time.
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Purchase with bridge financing
A bridge loan on the current home funded the down payment, and the purchase loan was approved on the strength of an investment portfolio. The buyer avoided selling appreciated investments and did not have to carry two mortgages during the move.
Explore jumbo loansTell Mike about the property, your goal and your timeline. A conversation is not an application, approval or commitment to lend.
Loans shown were originated by Mike Wright, NMLS #234953, with The Turnkey Foundation Inc. DBA ARBOR Financial Group, NMLS #236669. Each example reflects one borrower’s circumstances and is not a guarantee of approval or an offer or commitment to lend. Loan programs, terms and eligibility vary and are subject to credit, income, asset, property and underwriting review. Not all programs are available in all states. Equal Housing Opportunity.
