Check Your Low Down Jumbo Options
A Common Misconception With Jumbo Home Loans Is they all require at least 20% down, but at DRMC, we have several 5% and 10% down jumbo programs available. Complete our short questionnaire above to see what low-down payment Jumbo options may be available based on your scenario.
With an 80/10/10 Jumbo Home Loan, you take out a primary mortgage for 80% and a second mortgage for 10%. Your down payment is 10%. This flexible option allows you to pay off the second mortgage at any time without impacting the primary mortgage.
A 5% down jumbo is a single mortgage (no second) that goes up to a 95% loan-to-value ratio. This is the lowest down payment option for Jumbo home loans.
in the 10% checklist option change the copy to say: A 10% down jumbo is a single mortgage (no second) that goes up to a 90% loan-to-value ratio. This option often may offer more favorable terms for loans less than $1m.
As a VA-Approved lender, DRMC has the ability to offer VA home loans above the standard VA loan limit. If you're eligible for a VA home loan, you may be able to take advantage of the 0% down option. If you are Veteran, make sure you ask about the VA Jumbo.
