• (651) 552-3681

    Home Purchase - Home Refinance
    Serving MN WI IA ND SD CO FL

    Upload Documents Cambria Mortgage app
    Cambria Mortgage application

  • Luxury Home Financing

    When someone is spending a million dollars or more on a luxury homes, you are well beyond the reach of standard loans, like those offered from Fannie Mae ™ and Freddie Mac ™. Financing these properties requires a special touch and a unique set of lending skills and knowledge the average Loan Officer simply doesn't possess. 

    This niche market of housing also may require special financing options, especially for the self-employed, or those not wanting to document income in a traditional manner.

    The Joe Metzler Team at Cambria Mortgage specializes in luxury financing, and is your go to lender for luxury home loans in Minnesota, Colorado, Florida, Wisconsin, Iowa, North Dakota, and South Dakota.

  • Typical Luxury Home Financing Options:

    JUMBO MORTGAGE: Loans over the conforming loan limit offered by Fannie Mae and Freddie mac. Currently $627,000 in the states we serve,, and typically up to $2,000,000.

    SUPER JUMBO MORTGAGE: Home loans typically over $2,000,000. Generally these loans are one off loans offered on a case-by-case basis from a limited number of lenders and banks.

    Specialized Financing Options, including:

    • ✅ Single Family Loans over $766,550 in most areas. (as of Dec 2023). Higher in 'high cost areas' of Colorado and Florida.
    • ✅ Self-employed borrowers
    • ✅ Assets based loans. No income required.
    • ✅ No Tax Returns
    • ✅ Bank Statements for Income
    • ✅ NON-QM Loans
    • ✅ Interest Only Options
    • ✅ Loans up to $3 million

     

    Down Payment Requirements

    Unlike the typical first time home buyer struggling to come up with even a small down payment, most luxury home owners can easily meet down payment requirements, which usually start at 20% down.

    You may be able to find some options with as little as 10% down, but that is not normal.

    Luxury Home Financing Interest Rates

    There is no centralized secondary mortgage market, (think Fannie Mae and Freddie Mac) for the jumbo loan / luxury home market. This means the typical lender will have to hold the loan on its own books for the life of the loan.  What does this mean to you?  Simply that you should expect different interest rates, and usually a little higher, than you commonly see advertised for traditions loans.

    Closing Costs for Jumbo Luxury Loans

    As with the interest rates, closing costs on jumbo luxury loans will differ from your more common traditional loan. Everything will cost a bit more.  The appraisal for example, is currently between about $500 - $700 on a modest home, but is not uncommon for a luxury appraisal to be in excess of $2,000 - AND it is common that the lender may require TWO appraisals for the luxury home.

    One time pro-rated escrows account startup requirements for taxes and insurance can really add up too.  A few months of up-front taxes  on a property with $30,000 or more in property taxes adds up fast.

    It is also common for lenders on luxury loans to only offer loans with some discount points required up-front in order to give you the best possible interest rate.

  • Ready To Get Started?

    For your private and confidential financing review, call Joe Metzler, Senior Loan Officer directly at (651) 552-3681. Joe has over 25-years lending experience, and is top rated both locally and nationally

    You can also jump start the process by completing our secure online application.

var form = {"form_id":"wpq-2854930239","slides":[{"key":"LoanType","type":"icons","label":"Loan Type","heading":false,"note":false,"sub_heading":"What type of mortgage do you need?","icons":{"fyxxhbiqe":{"class":"fas fa-landmark","text":"New Purchase"},"c9lrs33r5":{"class":"fas fa-credit-card","text":"Refinance"}},"logic":{"show_hide":"show","any_all":"any"}},{"key":"z22gzkpcj400000000000000000000","type":"buttons","label":"StateConfirmation","heading":"What state is the property?","note":"Will any property be located in one of these states?","sub_heading":"We only lend in MN, WI, IA, CO, FL, ND, and SD.","buttons":{"qb6kmt36m":{"text":"YES"},"ku851t9fr":{"text":"No
(then we can't help you)"}},"logic":{"show_hide":"show","any_all":"any"}},{"key":"bb5r344jls00000000000000000000","type":"redirect","label":"Redirect","heading":false,"note":false,"sub_heading":false,"endpoint":"https:\/\/joemetzler.com","fname":false,"lname":false,"email":false,"phone":false,"additional":false,"check":{"conditional_logic":"checked"},"logic":{"show_hide":"show","any_all":"any","conditions":{"5bcrvmjcv":{"logic_option":"z22gzkpcj400000000000000000000","logic_equal":"=","logic_value":"No
(then we can't help you)"}}}},{"key":"fsl9ffcwj400000000000000000000","type":"icons","label":"Process Stage Purchase","heading":"Where in the process are you?","note":false,"sub_heading":false,"icons":{"5ysvogui1":{"class":"fab fa-researchgate","text":"Just Starting"},"2zo9jujir":{"class":"fab fa-searchengin","text":"Actively Searching"},"a5y0z5ff6":{"class":"fas fa-money-bill-wave","text":"Making Offers"},"8fsqwdgv8":{"class":"fas fa-file-contract","text":"Under Contract"}},"check":{"conditional_logic":"checked"},"logic":{"show_hide":"hide","any_all":"any","conditions":{"ulijc199f":{"logic_option":"LoanType","logic_equal":"=","logic_value":"Refinance"}}}},{"key":"fnm4p999qo00000000000000000000","type":"icons","label":"FTHB","heading":"First Time Home Buyer?","note":"Special programs may be available","sub_heading":"Are you a first time home buyer?","icons":{"afnaoqesa":{"class":"fas fa-equals","text":"Yes"},"88qkfonki":{"class":"fas fa-not-equal","text":"No"}},"check":{"conditional_logic":"checked"},"logic":{"show_hide":"hide","any_all":"any","conditions":{"lvj5knwgy":{"logic_option":"LoanType","logic_equal":"=","logic_value":"Refinance"}}}},{"key":"PropertyType","type":"icons","label":"Property Type","heading":"What Type of Property?","note":false,"sub_heading":"Choose One","icons":{"shu0x7lgr":{"class":"fas fa-house-user","text":"Single Family"},"8ne4su6g2":{"class":"fas fa-city","text":"Multi-Family"},"4fg5zyzmt":{"class":"fas fa-building","text":"Townhouse"},"fskeqzlkt":{"class":"fas fa-hotel","text":"Condo"},"14jkzf87q":{"class":"fas fa-couch","text":"Mobile Home"}},"logic":{"show_hide":"show","any_all":"any"}},{"key":"kv2i5ba0io00000000000000000000","type":"icons","label":"Occupancy","heading":"Occupancy Type","note":false,"sub_heading":"This home will be my","icons":{"gaetd4lbr":{"class":"fas fa-house-user","text":"Primary Residence"},"329x05qyz":{"class":"fas fa-bed","text":"2nd \/ Vacation"},"onhicgo7l":{"class":"far fa-building","text":"Rental Property"}},"logic":{"show_hide":"show","any_all":"any"}},{"key":"CreditScore","type":"icons","label":"Credit Score","heading":"Rate Your Credit","note":false,"sub_heading":"Estimate, or select your score you've seen elsewhere","icons":{"ghz9ph31r":{"class":"fas fa-greater-than","text":"Excellent
(740+)"},"0tju8icf6":{"class":"fas fa-greater-than","text":"Good
(700-739)"},"jub61k93h":{"class":"fas fa-bookmark","text":"Average
(680-699)"},"i237b3h4v":{"class":"fas fa-bookmark","text":"OK
(640-679)"},"i6kud6ria":{"class":"fas fa-less-than","text":"Weak
(581-639)"},"muazjejsm":{"class":"fas fa-less-than","text":"Bad
(Below 580)"}},"logic":{"show_hide":"show","any_all":"any"}},{"key":"Bankruptcy","type":"icons","label":"BankruptcyForeclosure","heading":"Bankruptcy or Foreclosure","note":false,"sub_heading":"Have you had a bankruptcy or forclosure?","icons":{"eefhtb5rg":{"class":"fab fa-hashnode","text":"Never"},"4acdaciol":{"class":"fas fa-less-than","text":"Less Than
2 Years"},"lyuerimng":{"class":"fas fa-equals","text":"2 - 4 years"},"dzx3jitmw":{"class":"fas fa-greater-than","text":"More Than
4 Years"}},"logic":{"show_hide":"show","any_all":"any"}},{"key":"MilitaryService","type":"icons","label":"Military Service","heading":"Military Service","note":"Veterans may be eligible for special loan programs","sub_heading":"Have you or your spouse served in the military?","icons":{"ug4ubxvc1":{"class":"fas fa-person-military-pointing","text":"Yes - Retired"},"khobkelnp":{"class":"far fa-person-military-pointing","text":"No"},"5fvu1ywx8":{"class":"fas fa-person-military-rifle","text":"Yes - Active"}},"logic":{"show_hide":"show","any_all":"any"}},{"key":"Ownership","type":"icons","label":"Rent or Own","heading":"Do you currently own or rent?","note":false,"sub_heading":false,"icons":{"9wc10zn0r":{"class":"fas fa-crown","text":"Own"},"bousy1nu0":{"class":"fas fa-building","text":"Rent"},"oa0w9pfsp":{"class":"fas fa-equals","text":"Live rent free"}},"check":{"conditional_logic":"checked"},"logic":{"show_hide":"hide","any_all":"any","conditions":{"9n3ohymz1":{"logic_option":"LoanType","logic_equal":"=","logic_value":"Refinance"}}}},{"key":"0cxr2c1ss000000000000000000000","type":"amount","label":"Current Housing Pmt","heading":"Current monthly housing costs","note":"How much do you pay today for housing or rent?","sub_heading":false,"currency_symbol":"dollar","currency_placement":"before","default_amount":"1000","step_amount":"10","min_amount":false,"max_amount":"4000","check":{"conditional_logic":"checked"},"logic":{"show_hide":"show","any_all":"any","conditions":{"mn2dri9qa":{"logic_option":"Ownership","logic_equal":"=","logic_value":"Rent"},"dmhf7zu70":{"logic_option":"Ownership","logic_equal":"=","logic_value":"Own"}}}},{"key":"mqimszu6c000000000000000000000","type":"amount","label":"Income","heading":"Income","note":"So we know how much house you can afford","sub_heading":"What is your monthly income from all sources?","currency_symbol":"dollar","currency_placement":"before","default_amount":"1","step_amount":"10","min_amount":false,"max_amount":"20000","logic":{"show_hide":"show","any_all":"any"}},{"key":"LoanAmount","type":"amount","label":"Purchase Price","heading":"Purchase Price?","note":"(or estimated price)","sub_heading":"What is the purchase price you want to buy?","currency_symbol":"dollar","currency_placement":"before","default_amount":"400000","step_amount":"1000","min_amount":"70000","max_amount":"2000000","check":{"conditional_logic":"checked"},"logic":{"show_hide":"hide","any_all":"any","conditions":{"zyy8udnmy":{"logic_option":"LoanType","logic_equal":"=","logic_value":"Refinance"}}}},{"key":"DownPayment","type":"amount","label":"Down Payment","heading":"Down Payment","note":"The more the better","sub_heading":"How much are you planning to put down?","currency_symbol":"dollar","currency_placement":"before","default_amount":"10000","step_amount":"1000","min_amount":false,"max_amount":"100000","check":{"conditional_logic":"checked"},"logic":{"show_hide":"hide","any_all":"any","conditions":{"xj7njcans":{"logic_option":"LoanType","logic_equal":"=","logic_value":"Refinance"}}}},{"key":"qt2rfk9owg00000000000000000000","type":"icons","label":"Need Assistance","heading":"Need Assistance?","note":false,"sub_heading":"Do you need down payment assistance?","icons":{"lls7ts45y":{"class":"fas fa-not-equal","text":"Not Needed"},"asjblsxdz":{"class":"fas fa-equals","text":"Would Like"},"3nxe7bzon":{"class":"fab fa-odnoklassniki","text":"Need"}},"check":{"conditional_logic":"checked"},"logic":{"show_hide":"hide","any_all":"any","conditions":{"bjeibm3nx":{"logic_option":"LoanType","logic_equal":"=","logic_value":"Refinance"}}}},{"key":"RealEstateAgent","type":"icons","label":"Real Estate Agent","heading":"Real Estate Agent","note":false,"sub_heading":"Are you working with a real estate agent?","icons":{"nt7jnbfc3":{"class":"fas fa-person-arrow-up-from-line","text":"Yes"},"7u2n4mmlf":{"class":"fas fa-person-arrow-down-to-line","text":"Not yet"}},"check":{"conditional_logic":"checked"},"logic":{"show_hide":"hide","any_all":"any","conditions":{"vgz4bb179":{"logic_option":"LoanType","logic_equal":"=","logic_value":"Refinance"}}}},{"key":"FoundHome","type":"icons","label":"Found Home","heading":"Found a home?","note":"Have you identified a specific house?","sub_heading":false,"icons":{"k6ztyrqb1":{"class":"fas fa-house","text":"Yes"},"xfluprcr2":{"class":"fas fa-house-chimney-crack","text":"No"}},"check":{"conditional_logic":"checked"},"logic":{"show_hide":"show","any_all":"any","conditions":{"13wttpwxr":{"logic_option":"fsl9ffcwj400000000000000000000","logic_equal":"=","logic_value":"Making Offers"},"81onccc88":{"logic_option":"fsl9ffcwj400000000000000000000","logic_equal":"=","logic_value":"Under Contract"}}}},{"key":"ZipCode","type":"text","label":"Property Address","heading":"Property Address","note":"Address, City, St. Zip","sub_heading":"What is the property address (if known)?","input_mask":"None","check":{"conditional_logic":"checked"},"logic":{"show_hide":"show","any_all":"any","conditions":{"gs5wydp74":{"logic_option":"FoundHome","logic_equal":"=","logic_value":"Yes"}}}},{"key":"z65c3c7qjk00000000000000000000","type":"buttons","label":"What State","heading":"What state?","note":false,"sub_heading":"What state will the property be located?","buttons":{"0js5r7332":{"text":"Minnesota"},"iep8hw7xq":{"text":"Wisconsin"},"7ddc1hck7":{"text":"Iowa"},"u85qo2zpq":{"text":"North Dakota"},"h4uqldy17":{"text":"South Dakota"},"i776ykkqy":{"text":"Colorado"},"sm54mn3zw":{"text":"Florida"},"kcs24m24j":{"text":"Other"}},"check":{"conditional_logic":"checked"},"logic":{"show_hide":"show","any_all":"any","conditions":{"4aquv21v3":{"logic_option":"FoundHome","logic_equal":"=","logic_value":"No"},"27g48mef4":{"logic_option":"fsl9ffcwj400000000000000000000","logic_equal":"=","logic_value":"Actively Searching"},"rky29r7sv":{"logic_option":"fsl9ffcwj400000000000000000000","logic_equal":"=","logic_value":"Just Starting"}}}},{"key":"MovingDay","type":"icons","label":"Moving Day","heading":"Moving Day","note":false,"sub_heading":"When do you plan on moving?","icons":{"ywfrbbjab":{"class":"fas fa-hourglass-start","text":"Right Away"},"497n8nizk":{"class":"fas fa-calendar-day","text":"90 days"},"s5nx6ks1s":{"class":"fas fa-calendar-check","text":"3-6 Months"},"4rwqvr9l8":{"class":"fas fa-calendar-day","text":"6-12 Months"}},"check":{"conditional_logic":"checked"},"logic":{"show_hide":"hide","any_all":"any","conditions":{"nzmbufbtf":{"logic_option":"LoanType","logic_equal":"=","logic_value":"Refinance"}}}},{"key":"utmyfr8q4g00000000000000000000","type":"amount","label":"Currently Owe","heading":"Current Mortgage Balance","note":"Add together if more than one loan","sub_heading":"What is the balance of your current mortgage loan(s)?","currency_symbol":"dollar","currency_placement":"before","default_amount":"150000","step_amount":"1000","min_amount":false,"max_amount":"1500000","check":{"conditional_logic":"checked"},"logic":{"show_hide":"hide","any_all":"any","conditions":{"td34k2dpf":{"logic_option":"LoanType","logic_equal":"=","logic_value":"New Purchase"}}}},{"key":"omwcn7uets00000000000000000000","type":"icons","label":"Refi property","heading":"What property are you refinancing?","note":false,"sub_heading":false,"icons":{"fxgci698g":{"class":"fas fa-house-chimney","text":"Home Address"},"lq8761wkv":{"class":"far fa-building","text":"Another property"}},"check":{"conditional_logic":"checked"},"logic":{"show_hide":"show","any_all":"any","conditions":{"pdmme9o50":{"logic_option":"LoanType","logic_equal":"=","logic_value":"Refinance"}}}},{"key":"6d9jsvq6vk00000000000000000000","type":"text","label":"Refi Address","heading":"Subject Property Address?","note":false,"sub_heading":"What property address are you refinancing","input_mask":"None","check":{"conditional_logic":"checked"},"logic":{"show_hide":"show","any_all":"any","conditions":{"dyrs9teft":{"logic_option":"omwcn7uets00000000000000000000","logic_equal":"=","logic_value":"Another property"}}}},{"key":"4hl28itcwg00000000000000000000","type":"amount","label":"Estimated Value","heading":"Estimated Value","note":false,"sub_heading":"What do you think your home is worth?","currency_symbol":"dollar","currency_placement":"before","default_amount":"300000","step_amount":"1000","min_amount":"50000","max_amount":"2000000","check":{"conditional_logic":"checked"},"logic":{"show_hide":"hide","any_all":"any","conditions":{"ats6rbymm":{"logic_option":"LoanType","logic_equal":"=","logic_value":"New Purchase"}}}},{"key":"327gov35ps00000000000000000000","type":"icons","label":"Refi Purpose","heading":"Refinance Purpose?","note":false,"sub_heading":"What is your main objective?","icons":{"ekpmym19f":{"class":"fas fa-percent","text":"Lower rate"},"1a2ji57y0":{"class":"fas fa-angles-down","text":"Lower payment"},"s7uonmyty":{"class":"fab fa-cc-mastercard","text":"Debt
Consolidation"},"co25k4ggi":{"class":"fas fa-house-chimney","text":"Home
Improvement"},"f4nin0ztg":{"class":"fas fa-money-bill","text":"Cash out
Other"},"5x8icvidt":{"class":"fas fa-calendar","text":"Change Term"}},"check":{"conditional_logic":"checked"},"logic":{"show_hide":"hide","any_all":"any","conditions":{"jugfj2ub4":{"logic_option":"LoanType","logic_equal":"=","logic_value":"New Purchase"}}}},{"key":"fbos92nx1c00000000000000000000","type":"amount","label":"Cash out","heading":"Cash Out Amount?","note":false,"sub_heading":"How much extra do you need?","currency_symbol":"dollar","currency_placement":"before","default_amount":false,"step_amount":"1000","min_amount":false,"max_amount":"1000000","check":{"conditional_logic":"checked"},"logic":{"show_hide":"show","any_all":"any","conditions":{"kzu08g3u5":{"logic_option":"327gov35ps00000000000000000000","logic_equal":"=","logic_value":"Cash out
Other"},"7kn6fonmt":{"logic_option":"327gov35ps00000000000000000000","logic_equal":"=","logic_value":"Home
Improvement"},"nvl517kz6":{"logic_option":"327gov35ps00000000000000000000","logic_equal":"=","logic_value":"Debt
Consolidation"}}}},{"key":"ngdsxsz7sw00000000000000000000","type":"amount","label":"Property Taxes","heading":"Property Taxes","note":false,"sub_heading":"How much are your property taxes","currency_symbol":"dollar","currency_placement":"before","default_amount":"1500","step_amount":"1","min_amount":"100","max_amount":"10000","check":{"conditional_logic":"checked"},"logic":{"show_hide":"show","any_all":"any","conditions":{"iijh9or64":{"logic_option":"LoanType","logic_equal":"=","logic_value":"Refinance"}}}},{"key":"p2fgiygwc000000000000000000000","type":"amount","label":"Insurance","heading":"Homeowners Insurance","note":false,"sub_heading":"How much is insurance per year?","currency_symbol":"dollar","currency_placement":"before","default_amount":"1500","step_amount":"1","min_amount":"1","max_amount":"5000","check":{"conditional_logic":"checked"},"logic":{"show_hide":"show","any_all":"any","conditions":{"rhejoldqm":{"logic_option":"LoanType","logic_equal":"=","logic_value":"Refinance"}}}},{"key":"iabjp02h4w00000000000000000000","type":"icons","label":"Amortization","heading":"Loan Term","note":false,"sub_heading":false,"icons":{"f2zkt2681":{"class":"fas fa-calendar-check","text":"30-yr fixed"},"7x3sq5snw":{"class":"fas fa-calendar","text":"20-yr fixed"},"c7oxc17gg":{"class":"fas fa-calendar","text":"15-yr fixed"},"j2n98m1ty":{"class":"fas fa-calendar-days","text":"Other"}},"logic":{"show_hide":"show","any_all":"any"}},{"key":"stg2z2pyfk00000000000000000000","type":"icons","label":"Not An Application Confirmation","heading":"Can we send you your results?","note":"No Obligations. Your Information Will NOT Be Used For Any Other Purpose.","sub_heading":"This is a basic loan inquiry only, not an application.","icons":{"a9jcmfxl6":{"class":"fab fa-readme","text":"Yes - Continue"},"v9hbec8k3":{"class":"fas fa-not-equal","text":"I don't want to know"}},"logic":{"show_hide":"show","any_all":"any"}},{"key":"yjq9z91feo00000000000000000000","type":"icons","label":"Credit Report","heading":"Your Credit Report","note":"This is a 'Soft Pull' and has no effect on scores","sub_heading":"Can we also review your credit report?","icons":{"3ob9mi668":{"class":"fas fa-face-smile","text":"Yes"},"5u9tfhg71":{"class":"fas fa-face-frown-open","text":"Not yet"}},"check":{"conditional_logic":"checked"},"logic":{"show_hide":"hide","any_all":"any","conditions":{"5ktcu3ta4":{"logic_option":"stg2z2pyfk00000000000000000000","logic_equal":"=","logic_value":"I don't want to know"}}}},{"key":"2jxzyznbhc00000000000000000000","type":"text","label":"Social","heading":"Social Security Number?","note":"Social security number required for us to review your credit","sub_heading":false,"input_mask":"None","check":{"conditional_logic":"checked"},"logic":{"show_hide":"show","any_all":"any","conditions":{"0vxl77be4":{"logic_option":"yjq9z91feo00000000000000000000","logic_equal":"=","logic_value":"Yes"}}}},{"key":"p9kkar7wtc00000000000000000000","type":"text","label":"Birthdate","heading":"Your Birthdate?","note":"Also needed to review your credit report","sub_heading":false,"input_mask":"None","check":{"conditional_logic":"checked"},"logic":{"show_hide":"show","any_all":"any","conditions":{"27y8pknbk":{"logic_option":"yjq9z91feo00000000000000000000","logic_equal":"=","logic_value":"Yes"}}}},{"key":"ContactInformation","type":"contact","label":"Contact Information","heading":false,"note":"We will never sell or share your information","sub_heading":"Let us send you the information.","contact_form_id":"1367","button_action":"submit-button","check":{"conditional_logic":"checked"},"logic":{"show_hide":"hide","any_all":"any","conditions":{"i30xqdql8":{"logic_option":"stg2z2pyfk00000000000000000000","logic_equal":"=","logic_value":"I don't want to know"}}},"contact_form":"\n\t
\n\t\t\n
\n\n\t\n
\n\tFirst*\n\n\n\t\n\n\n
\n\n\t\n
\n\tLast*\n\n\n\t\n\n\t\n\n\n\t
\n\t\t\n
\n\n\t\n
\n\tEmail*\n\n\t\n\n\n\t\n\n\n\t
\n\t\t\n
\n\n\t\n
\n\tBest Phone #*\n\n\n\t\n\n\t\n\n\n\t
\n\t\t\n
\n\n\t\n
\n\tYour Address\n\n\n\t\n\n\t\n\n\n\t
\n\t\t\n
\n\n\t\n
\n\tCity\n\n\n\t\n\n\t\n\n\n\t
\n\t\t\n
\n\n\t\n
\n\tState\n\n\n\t\n\n\t\n\n\n\t
\n\t\t\n
\n\n\t\n
\n\tZip code\n\n\n\t\n\n\t\n\n\n\n
\n\n\t\n\t\n
\n\t
Copy link
Powered by Social Snap