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
  • Maximum loan amounts apply

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

Not anymore. A jumbo mortgage is possible with as little as 5% down. Of course, there are restrictions to go along with that such as credit, income, and loan amount limits, but the options do exist and the rates are very competitive.

What is the minimum credit score for a Jumbo Loan?

The 5% down Jumbo Loan option is available to those with above-average credit scores. However, your mortgage banker will also take a look at potential compensating factors. Every situation is unique, so contact us for a personalized evaluation.

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.