Loan Options
5% Down Jumbo Loans
United Home Loans is committed to offering more Jumbo options from the most knowledgeable Jumbo mortgage bankers. Call us for answers to any of your Jumbo Loan questions.
- Low rates & all programs offered with 0 points
- Local Jumbo expertise
- Flexible requirements
Do I have to put 20% down on a Jumbo Loan?
Not anymore. A jumbo mortgage is possible with as little as 5% down. The credit, income, and loan amount requirements allow more borrowers to qualify than ever before!
What is the minimum credit score for a Jumbo Loan?
There are 5% down Jumbo options for those with lower-than-average credit scores. However, borrowers with lower credit scores can expect slightly higher interest rates. Talk to a mortgage banker about how your 5% down Jumbo Loan can be tailored with interest rate solutions.
Is it better to get a Jumbo Loan at a fixed or an adjustable rate (ARM)?
That depends on your situation and the current interest rate environment. If rates on Jumbo ARMs are significantly lower than fixed rates, some Jumbo borrowers will leverage the lower rate offered on an ARM to pay their loan balance down at a faster pace. This approach requires discipline and additional payment to the principal every month, so make sure you discuss your plan with a jumbo mortgage expert before going down that path.
