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What is the lowest downpayment for a 500K loan in Nevada?

i need a loan that is $500K-$600K, willing to shop around the area by staffordoliver558625 from Henderson, Nevada. May 19th 2015 Reply


Adam Itchkawich (AdamItchkawich)
#35 ranked lender in Nevada - 8 contributions

The lowest that I am aware of is 10% down for Jumbo loans (Jumbo = any loan amount over $417k).Please let me know if I can help. Adam ItchkawichNMLS# 360165WJ Bradley Mortgage 702-518-4852

May 19th 2015
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Brad Henderson (bradthelender)
#28 ranked lender in Nevada - 25 contributions

10% down minimum above a 417k loan amount. You will pay for it with higher rates if you put less than 20% down.

May 19th 2015
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Aaron Gordon (agordon@guildmortgage.net)
#46 ranked lender in Nevada - 5 contributions

You can actually do 5% down with us at Guild Mortgage using our Elite Jumbo product. 700 min credit score.

May 19th 2015
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Ralph Richard Guertin (ralph@absolutelowrates.com)
#136 ranked lender in Florida - 796 contributions

10% is the normal max, 20% gets you better rate and terms

May 20th 2015
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William J Acres (William_Acres)
#73 ranked lender in Arizona - 8,726 contributions

The minimum in most all cases is going to be 10% down but if your a US military Veteran and you have VA benefits available to you, then you can go a little lower depending on how much your sale price is.. The best advice I can give you is to contact a LOCAL mortgage broker and apply with them. Once they see your complete loan profile, they will be better equipped to advise you properly. Also, by applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with many lenders with each one offering a different type of lending program. This is unlike the local bank which typically only has a few lending programs. The more lenders, the more lending options, and the more likely your scenario will be accepted.. Plus, the broker is experienced in seeking out the best loan terms for your particular scenario, and he has lower overhead which typically results in lower rates and fees than most of the larger lenders.. 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

May 20th 2015
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