Typical down payments
Many jumbo programs ask for 10% to 20% down, and some allow less for strong borrowers. The exact amount depends on the loan size, your credit, and the property.
Reserves
Lenders often want to see savings left over after closing, called reserves. They're usually measured in months of mortgage payments and can come from bank, investment, or retirement accounts.
Other things that matter
- Credit history
- Debt-to-income ratio (DTI)
- Property type, such as a condo or single-family home
- How you use the home: primary, second home, or investment
Ways to prepare
- Keep large deposits documented
- Organize statements for all asset accounts
- Talk with us early about the price range you're considering
Frequently asked questions
What is the conforming limit in my county?
It's set each year and is higher in high-cost areas like Orange County and Los Angeles. We'll check it for your address.
Can self-employed buyers get a jumbo loan?
Yes. Bank statement and other options may be available.