jumbo under 20 down

California Jumbo Loans with Less than 20 Percent Down

Overview of Low Down Payment Options Jumbo loans, also called non-conforming loans, typically demand that borrowers come in with a 20% down payment if you go to your local bank. Some will even offer you 10-percent down payment up to $1 million if you open a checking or savings account or move your investment brokerage Read more about California Jumbo Loans with Less than 20 Percent Down[…]

staircase in luxury home

Low Down Payment Mortgages for Million Dollar Homes

Since January 2008, the minimum down payment of 20% was the mortgage industry norm for mortgages over $417,000, also known as jumbo mortgages. In modern times, though, lenders are loosening up the underwriting guideline on jumbos for the 20% down payment  – particularly for those known as HENRYs (“High Earners, Not Rich Yet”). HENRY’s are Read more about Low Down Payment Mortgages for Million Dollar Homes[…]

less than 20-percent down

Rising Home Values Have Jumbo Lenders Offering Lower Down Payments

Following 2014 through 2017’s situation of increasing home prices across major cities on the west coast and across the nation coupled with the lower rate of defaulting borrowers, jumbo lenders have created more loan programs that allow less than 20-percent down payment. For people who are seeking a higher-end home, but were discouraged due to Read more about Rising Home Values Have Jumbo Lenders Offering Lower Down Payments[…]

Lake Washington Home

Will Million Dollar Mortgage Loans Increase This Year Too?

Data from the Mortgage Bankers Association reports that in January residential purchase loans between $1 million to $5 million were the fastest growing share of the mortgage market. Wealthy borrowers are looking for these larger sized loans now as luxury home prices increase and lenders attract them with competitive loan programs. Due to the fact Read more about Will Million Dollar Mortgage Loans Increase This Year Too?[…]