We have exciting news – we are now able to offer Jumbo loans with smaller down-payment requirements. Prior to this announcement, a standard down-payment for a Jumbo loan was 15 or 20%. We know this will be beneficial in our current market conditions as many homes are seeing offers way above asking price and many buyers are needing to find more cash. Here are the details-
For loan amounts over $1,000,000 and up to $1,500,000, the following requirements must be met:
-Down-payment amount only 3.5% minimum
-720+ FICO score
-Debt-to-income radio up to 40%
-Primary purchase loans up to $1.5M need 24 months reserves
-For single-family homes only, primary residence
Contact us today to get your home loan process started!