What percentage do you need down for a jumbo loan these days?
We have excellent credit. Thinking about a move and want to know if you can still get loans with 10% down or do you need 20% to get a non-conforming loan.
Tags: days, Down, jumbo, loan, Need, Percentage, These
The down-payment requirement maybe 20% or more. Just this week I received alert messages from lenders that the Jumbo programs will be suspended until further notice.
If you have a broker or banker you trust check with them to see if their particular institutions are still lending on Jumbo programs at this time.
What I went through recently was 20% down. That was in the Atlanta, GA and Philadelphia, PA area. I, then found a friend who gives out lines of credit from 150k to 10M, and since you sound like that you have a credit score over 700 your fees will be waived. If you want to know more, contact me at luis@ascend-now.com.
Luis Figueroa PS