I'm looking for a wholesale lender for a rate & term refi in CA.

$1.4 value; $1 mil. loan.

75 LTV, but could bring in cash to lower to 70 LTV

Wants 30-yr fixed rate.  So far, I can find only 5/1 or 7/1 ARM.  (Rate can't be higher than 6.5.)

If anyone can help, I would greatly appreciate it.

Hey Carolyn,

Try these guys below.  Their guidelines seem to meet your request.  We're newly approved w/ them and just got our first approval.  Old school underwriting but fairly painless to deal w/.

Good luck.

HI. I think US BANK can handle that. Non Agency Lender.

Carolyn, if Sunwest doesn't pan out. My Federal Savings Bank would most likely be in that game. Looking at 70% LTV. Need assets and strong income.

Darius Ghaffari:

HI. I think US BANK can handle that. Non Agency Lender.

This is right on the mark. Assuming credit is good US Bank will do this all day, they've got 30 year fixed options on jumbo's that should be somewhere in the 6's depending on final LTV and score.