For purchase transactions, Jumbo loans required the homebuyer to have at least a 20% down payment compared to the purchase price of the home. Cash-out and no cash-out refinance programs are allowable. Please contact your licensed loan officer for more information.
Most Jumbo loan programs allow you to purchase single-family homes, warrantable condos, planned unit developments (PUD), and single-family second homes. It can also be financed with no prepayment penalty.
This is not a commitment to lend. All loans subject to program guidelines including credit and property approval. If refinancing an existing loan, the total finance charges may be higher over the life of the loan.
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