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Can you get a jumbo loan with less than 20% down (we have high income and excellent credit)?

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January 08 2013 - San Francisco
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Answers (46)

Profile picture for NikkiMusegades
Hi need a jumbo loan $625 purchase price, high FICA, low debt, but have a short sale on credit 3 yrs old, need a jumbo loan 10% down, can anyone help me , Las Vegas nikki
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5 days ago
Profile picture for RahulVijay
We are looking to buy a property for $1.2M. We have household income of ~$300K(including bonus). We have 6% downpayment. Is there any option anyone can provide?
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September 13
I answered this about 6 months ago and since then a lot of things have opened up. Its still possible to get 10% down and there are very attractive 15% down programs that are just now rolling out too. Although not everyone has access to them (we do). 
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September 12
There are a few lending institutions that offer this program. Most of them will have some sort of interest rate adjustment for the lower down payment couples with the higher or jumbo loan amount. I know that. Wells Fargo Bank had a Jumbo program up to 2 million with 10 percent as a minimal down payment. The interest rate and terms will bart slightly at that level. Excellent credit is a good start. I hope this answer helps
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September 12
Try Compass Bank in Texas
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September 12
We've just acquired a program for doing a true Jumbo loan with 15% down, no MI, one loan.

Cheers

Mike
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September 12
Profile picture for cynthia098
Anyone  know  if  it is  possible  to  get  a  700,000  loan in  NJ with  5 percent  down and  with out MI
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August 19
Profile picture for poohbear5163
Help! My sale contract signed and need a 1.9M mortgage in NY very low risk credit worthiness.
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July 26
We are signed up with Kinecta Federal Credit Union to do an 80/10/10 to $1.25M. 
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June 19
Profile picture for zuser20140619121157025
hello fellow mortgage professionals......can someone tell me of the best wholesale lender for a 80/10/10 piggy back Jumbo loan?
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June 19
If you're a veteran or currently serving in the military, you could be qualified for a zero down Jumbo VA loan. [hyperlink removed by Zillow moderator, see our Good Neighbor Policy for posting guidelines]
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April 24
hi, yes you can...you can find lenders to help you here on Zillow, and on my website...also, learn about writing the winning home purchase offer, getting a true loan preapproval and letter, and more on my website (click on my name above)...good luck!
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April 24

Yes.  Some lenders offer 10% down on loan amounts up to $1,500,000.  There may be restrictions on the state the property is located.

Feel free to contact me with any questions.

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April 09
I can do 90% LTV up to 850,000 loan amount.  This is availible in Florida and can consist of a 30 or 15 Year Fixed option.    Right now the interest rates are in the low 4`s

Please let me know if I can help

Thanks

Ryan
[Phone removed by Zillow moderator. Please see our Good Neighbor Policy for information.]
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April 07
Profile picture for nihasuhail
Hi Ray Can you please send me your contact so I can contact you
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March 31
We can do 10% down in Connecticut.
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March 31
Profile picture for nihasuhail
Jumbo Loan with 10% down in CT for 700k loan excellent credit and income.please advise
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March 31
Where are you located? That should be an easy one if you are in California. You would have a few options.
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March 28
Profile picture for user6228854
Looking for a 500K loan, with 10% down - to avoid mortgage insurance.  Any suggestions?  I'm not familiar with the 80-10-10/90 jumbo - i see mentioned in the thread...
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March 28
Profile picture for HillaryKelly
Need a jumbo loan with less than 10% down in Florida
900,000 home 
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March 20
[Promotion and website removed by Zillow moderator. Please see our Good Neighbor Policy for information.] 
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January 30
That is an excellent question! And the answer is yes, you most certainly can.

We possess a wide range of jumbo products that start at $625,501 and go up to $10MM. The required down payment can vary between those amounts depending on which end of that spectrum you fall and how much house you are trying to purchase.

For example, jumbo loans that range from $625,501 on up to $1MM will require a 10% down payment. For loan amounts exceeding $1.1MM and up to $2MM you will need to consider a 15% down payment. And for loans over $2MM you will most likely need to produce a full 20% down payment.

Please keep in mind that the examples I provided reference loan amounts and not purchase prices. So your final down payment could be surprisingly less than you expected. Also note that the examples were of homes in high cost areas. So if you are in a lower cost area those numbers may drop slightly.

If you have further questions or would like to review all the different loan options please feel free to contact me through my Zillow profile.
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January 26
Yes, we offer 10% down jumbos in Georgia.
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January 25
Profile picture for StephanieSims Arnold
Anyone offering 10% down jumbo loans ($600,000) in Georgia?  Great credit and income!
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January 24
Profile picture for racingandboating
I will contact you today.  Thanks  :)
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December 20 2013
There are a very few 80-10-10 lenders out there, and fewer in the jumbo market and in Tampa. I am with a large bank that offers 80-10-10's up to $2 million financed. Feel free to send me an email through this site or google me. I am located in Maryland, but can lend up and down the east coast.
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December 19 2013
Profile picture for racingandboating
Looking for an 80-10-10 or similar 10 percent down Jumbo Loan for 1.25 million Dollar home in Tampa, FL area.  Anyone offering them?  Over 730 credit score and $500k yearly income.
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December 19 2013
I have a loan program that requires 20% down on jumbo products.  BUT you could utilize our HELOC for a portion or partner with our equity share group.

Our equity share group will front 10% in exchange for their principal back plus a share of the equity when you sell or refinance (which would be determined in advance).  It is not a loan.  I would be happy to share more information about it with you. 

Paul Watkins
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November 04 2013
Who is the lender who has a 5% down jumbo on $1.1M?
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October 24 2013
I got my jumbo loan (1.1 million) with just 5% down in CA, my agent referred me to her mortgage friend at [Promotion removed by Zillow moderator. Please see our Good Neighbor Policy for information.] 
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October 24 2013
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