A jumbo loan, also known as a jumbo mortgage, is a type of financing that exceeds the loan limits for conventional financing. Currently, any loan over $647,200 would be considered a Jumbo loan. The down payment requirement on most Jumbo loans is 20% down, however we do also have options with just 5% down.
Benefits of Jumbo Loan
Requires down payment as low as 5%.
Minimum loan amount $715,201
Minimum credit score 700
30 and 15 year fixed rates
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