Posted on: 10th Sep, 2013 01:47 am
Hi there... I have arranged for 5% down payment. Will I be able to get a jumbo loan?
I don't think jumbo loans will be available with such low down payment. But again, if you have excellent income, stable employment, excellent credit scores, etc., then there are chances that you may get a jumbo loan with low down payment.
Hi Bumpy,
As far as I know, the lenders will require a 20% down payment for loans up to $1 million; 30% down for a $2.5 million to $5 million loan; and 35% down for $5 million-plus loans.
Thanks
As far as I know, the lenders will require a 20% down payment for loans up to $1 million; 30% down for a $2.5 million to $5 million loan; and 35% down for $5 million-plus loans.
Thanks