Down Payment

Information on the various down payment programs for jumbo loans such as the 20 percent, 10 and 5 percent down.

Lenders Becoming More Lenient in Healthy Housing Market

Since the housing market is returning to a healthier condition, investors are increasingly taking notice of the high-end of the market which includes borrowers who use jumbo mortgage products. On the rise in this sector are more underwriting approvals and loan closings, while on the down side the minimum credit score to qualify for non-conforming …

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Increasing Leverage On A Multi-Million Dollar Home Purchase

In accordance with a new jumbo loan program, we break down a lending example below for home buyers in the high cost home markets. Financing scenario: Purchase Price: $2 million; First loan: 80 percent loan-to-value (LTV) maximum, Second loan: 5 percent; combined LTV of 85% for 15% down payment. Loan Highlights: Time to close 25-day …

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