[US, NC] Jumbo loan approval odds?

I currently own a home and will sell when I move, but I don’t want to be contingent.

Current home: PNW area. $180k left on mortgage, will sell for ~$465k.

Income: $275k/yr

Assets: $100k retirement account, $67k brokerage, $75k down payment (down payment isn’t quite there yet, but I have another 5 months to get it there)

Debt: $5k car loan remaining (that’s all)

Looking at some homes south of Charlotte, NC. I’ll spend ~$750k to get a home in a desirable school district. I plan to put 10% ($75k) down, leaving $675k for the jumbo mortgage.

With my finances, will I be approved without being contingent on selling my existing home first? I will sell it, but I just don’t want my offer tied up with that.

submitted by /u/IDA_noob
[link] [comments]

I currently own a home and will sell when I move, but I don’t want to be contingent. Current home: PNW area. $180k left on mortgage, will sell for ~$465k. Income: $275k/yr Assets: $100k retirement account, $67k brokerage, $75k down payment (down payment isn’t quite there yet, but I have another 5 months to get it there) Debt: $5k car loan remaining (that’s all) Looking at some homes south of Charlotte, NC. I’ll spend ~$750k to get a home in a desirable school district. I plan to put 10% ($75k) down, leaving $675k for the jumbo mortgage. With my finances, will I be approved without being contingent on selling my existing home first? I will sell it, but I just don’t want my offer tied up with that. submitted by /u/IDA_noob [link] [comments]

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