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Are there any low down payment (5-10%) jumbo loan programs available?

by fred208 from Salemburg, North Carolina. May 10th 2016 Reply


William J Acres (William_Acres)
#73 ranked lender in Arizona - 8,726 contributions

Much more info needed.. There are creative ways to get low down payments on larger loans, but it all depends.. Any loan over $417K is considered Jumbo.. Are you looking at a $600K home or a $2,000,000 home? If you are looking at $600K, then typically we do a first and 2nd mortgage.. you put $60K (10%) down, Finance a $417K first, and a $123K 2nd. This gets you a much lower "Blended" rate when you consider the first mortgage would be at conforming loan rates.. where as jumbo rates are typically much higher.. If you are looking at the $2,000,000 price range, then it's very unlikely you will find any lender willing to do it with less than 20% down.. But there are a variance of lending programs between $600K to $2,000,000.. so again, without knowing all the details of your scenario, it's hard to advise you properly.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com NMLS# 226347

May 10th 2016
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Monica Brown (monica.brown@suntrust.com)
#235 ranked lender in Florida - 4 contributions

Yes we offer a 10% down payment but there are income and asset requirements. Please call me so I can get more information from you to see if you would qualify. Monica Brown, SunTrust772-240-4461

May 10th 2016
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Hello Fred,There are many ways to structure a Jumbo Loan Program to fit your needs. You can use the following link to learn more about AnnieMac Mortgage Jumbo Loan Program:https://annie-mac.com/pages/refinance-jumbo-loansIf you have a property address I will be happy to put together a couple of scenarios to share with you. You can email me at: www.kevinstormer.annie-mac.com I look forward to working with you. Truly, Kevin Stormer

May 10th 2016
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