C2e Blog13

Get One Step Closer to the Home of Your Dreams at C2E

Learn about Wells Fargo Home Mortgage’s special financing for jumbo loans.

It’s time to quit worrying about how much you have saved for a down payment. With Wells Fargo Home Mortgage’s special financing for jumbo mortgages, owning a home at C2E could be easier than you think. Available for jumbo loans from $484,350, this new financing option includes a down payment as low as 10.01% with no added mortgage insurance requirement—significantly less than the typical 20% down payment required for the cost of mortgage insurance to be waived. Mortgage options are available for primary residences only and include fixed-rate and 7/1 and 10/1 adjustable-rate mortgage (ARM) products.

According to research findings by the California Association of Realtors, 14% of California renters can afford to purchase a home but don’t partly because they lack financial knowledge to do so. The study found that a lack of financial literacy is one of the biggest barriers preventing renters from becoming homeowners. Nearly 73% believe a down payment of at least 20% is required to purchase a home, and 72% are unaware of loan programs, such as Wells Fargo’s special jumbo loan financing, that require less than 20% down payment.

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With favorable interest rates and final phases selling at C2E, now is a great time to make your new home ownership dreams a reality. Start today by contacting Wells Fargo Home Mortgage Consultant Erica Buehler DeFoe at (858) 922-2405 or erica.c.defoe@wellsfargo.com for more information.

Wells Fargo