10% Down, Jumbo Loan Amount Limits
Jumbo Loan Amount Limits:
- 90% Jumbo – loan limit cap $3,000,000 – 6 months payment reserves required
- 85% Jumbo – loan limit cap $3,500,000 – 9-12 months payment reserves required
- 80%-70% Jumbo – super jumbo loan limits available up to $9mil.
Program Details:
- No private mortgage insurance PMI options – single loan and combo piggyback loan options
- 30-year fixed, 15-year, or common adjustable-rate (ARM) options like 5/1, 7/1, etc
- No early payoff penalty
- Flexible jumbo refinance options available for both interest rate reductions and cash-out refinance
- Second home & Vacation homes are permitted with a 10%+ down payment