San Diego Mortgage Professional

Contact Elena

Please let us know your name.
Invalid Input
Please let us know your email address.
Invalid Input
Please let us know your message.
Call Elena for Help with Your Home Purchase or Refinance

Jumbo Loans

Jumbo loans are mortgages higher than the conforming loan amount of $417,000. Jumbo loans are generally higher in interest rate than conventional loans and also require larger down payment for a purchase or more equity for a refinance.  The minimum down payment is usually at least 10% on these loans due to the higher risk, limited mortgage insurance availability, and lenders of these products like to see higher credit scores and a more reserves in the borrowers' asset accounts.