Here are some of the program details about the 5% down jumbo mortgage that we offer: Fixed terms: 10, 15, 20, 25, and 30-year terms ARMs: 5/1, 5/5, 7/1 options with 30 year term LPMI allowed (lender paid mortgage insurance financed into the rate) Loan to value up to 95% Loan amounts between $417,001 and $625,000 with credit scores of 700 or higher Available for purchases and rate-term refinances Primary residence … (30 comments)
A jumbo or non-conforming mortgage typically requires a minimum down payment of 10-20%. At First Home Mortgage we currently offer a non-conforming jumbo mortgage with a minimum down payment of only 5%.
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