Jumbo Loans With 10% Down
Jumbo Loans With 10% Down is Available!
Is Jumbo Loans With 10% Down Right For You?
Jumbo Loans With 10% Down is an online lending platform that offers affordable financing for home buyers. Our company has been in the industry for over 10 years, and we know the ins and outs of the mortgage industry.
This is because most jumbo lenders still want a 20% down payment with perfect credit. If you land slightly outside their underwriting parameters, you’ll most likely be turned down.
To allow more borrowers to qualify for jumbo loans, GM Brokerage has expanded their network to work with different lenders so you can qualify with different downpayment and Fico score but still maintain very competitive rates.
What Is a Big Bank Turndown Jumbo Loan?
A big bank turn-down Jumbo Loan is a subtype of jumbo loan which is designed for individuals who need a large sum to purchase a home because they do not have the cash available to do so. It is also considered a non-qualified mortgage (Non-Traditional) loan. This type of alternative loan also includes asset-based mortgages which are recommended for high-asset borrowers and self-employed home loans for self-employed borrowers. Non-Traditional loans are not required to comply with the Consumer Financial Protection Bureau’s standards for qualified mortgages.
To accommodate the needs of a growing population of potential borrowers who do not meet the stricter requirements of Freddie Mac or Fannie Mae loans, big bank turn-down Jumbo Loans were created with less restrictive parameters. While you still need a respectable credit score and substantial income,big bank turn-down Jumbo Loans are more forgiving if you have fluctuating cash flow or “good credit debt” like large student loans.
Big bank turn-down Jumbo Loan are available on owner-occupied primary residences and second homes. We are one of the lenders in the country that only requires 10% down on a second home / vacation home.
