How much down payment do I need for a jumbo loan?

Answered by Onias Derilus, Mortgage Capital · NMLS# 1859012 · Florida licensed mortgage broker

Many jumbo programs now allow 10% down for well-qualified borrowers, though 15% to 20% is common and unlocks better pricing. Larger loans and lower credit push the requirement up.

Some 10%-down jumbos avoid PMI through structure. We'll match your down payment and credit to the jumbo program with the best terms.