Buy A $1.2 Million Home in Ross with 20% Down AND a conforming loan!
How do you pull that off, when a conforming loan is $417,000?
Simple - Seller Financing.
This is a great house, incredibly charming, great yard, and an easy walk to the Ross School.
The seller is willing to finance, for five years, at the same rate as the conforming loan. It works like this.
Sale Price: $1,199,000
20% Down: $239,800
Conforming Loan: $417,000
Seller Financed Second: $542,200
The Seller will offer the rate at the same rate as the conforming loan, for five years. Right now that’s around 6 3/8%. With jumbo mortgages at 7.5%, that’s a huge savings on your monthly payment!
The kitchen has been beautifully remodeled.
This is a great home for a small family that really wants the Ross School, considered by many one of the best in the State of California.
For more pictures, go to our website, Or feel free to call for an appointment!
