Loan Options

10% Down Jumbo Loans

We’re committed to offering more Jumbo options from the most knowledgeable Jumbo mortgage bankers. Speak to one of our experts.

  • Low rates & all programs offered with 0 points
  • Personalized advice from area experts
  • Maximum loan amounts apply

Do I have to put 20% down on a Jumbo Loan?

Not anymore. Well-qualified buyers can obtain a Jumbo Loan with as little as 5% or 10% down, allowing them to expand their budget and find their dream home. Talk to a mortgage banker to get pre-approved for a low-down Jumbo Loan.

What is the minimum credit score for a Jumbo Loan?

Low-down Jumbo options are available for those with above-average credit. However, you may be able to qualify with average credit but be prepared to pay a slightly higher interest rate. If you’re unsure whether your credit score qualifies, talk to a mortgage banker. They can take a look at potential compensating factors like income and assets to help you get the loan option you want.

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. Adjustable rate mortgages will often have a lower initial fixed rate and be beneficial to the borrower, especially if they plan to use the extra room in the budget to make additional payments toward the principal every month.  Make sure you discuss your plans with a mortgage banker to see which option is right for you.