Jumbo 10% Down Purchase

The majority of lenders require a 20% down payment for a borrower using a jumbo loan to purchase a property. However, there are a few lenders who have access to options that allow a buyer to purchase a property over the $417,000 limit with only 10% down. A 10% down jumbo loan allows the purchase of a higher priced home with a smaller down payment. This loan is available in both fixed rate and adjustable rate.