Think You Need 20% Down for a Million-Dollar Home? Think Again!

Here’s what you need to know about today’s Jumbo Loans—simplified.

In high-cost markets like California, homes often exceed traditional loan limits. That’s where jumbo loans come in—and with as little as 10% down, they’re more accessible than you might think.

What Is a Jumbo Loan?

A jumbo loan lets you borrow more than the standard loan limits (currently $806,500 in most areas). Ideal for:

• Primary residences
• Vacation homes
• Investment properties

They’re popular among buyers purchasing homes between $1M–$5M.

How Much Can You Borrow? What’s Required?

 Primary Homes

• Up to $2.5M → 10% down, 740+ FICO, 6 months reserves
• Up to $3M → 10–30% down depending on credit/reserves
• Up to $5M → 20% down, 740+ FICO, 12 months reserves

Second Homes

• Max loan: $3M
• 20–30% down, strong credit, 9–12 months reserves

Investment Properties

• Max loan: $3M (1-unit only)
• Up to 80% financing, 700+ FICO, 12 months reserves

Want Cash Out?

Yes—you can pull equity from your home too:

• Up to $500K cash-out
• Requires solid credit and equity
• Available on primary and second homes

What Else Should You Know?

• Full appraisal required (no waivers)
• Max DTI: 50%
• No temporary buydowns
• Max 10 financed properties
• Not allowed in Texas under 50(a)(6)

• Who Is This Loan For?
• If you’re buying a high-end home or upgrading in a competitive market, this loan gives you flexibility, fixed stability, and serious purchasing power—without needing 20% down upfront.

Want to Know If You Qualify?

Let’s take 5 minutes to run the numbers.
I’ll help you figure out exactly what you qualify for, what you’ll need, and how to make your next move with confidence.

Click here to schedule a call today!