Down-payment the newest down-payment required for jumbo mortgages is a lot more than other conventional fund. According to the count you would like as well as your credit score, you could potentially require payment all the way to 20 percent. The down payment standards are set because of the each person home loan company out-of jumbo mortgages. In general, the fresh downpayment criteria are typically highest to have borrowers with straight down credit scores. The new down-payment having an excellent 550 FICO rating individuals should be 30% down. Continue reading “What are the unique requirements to have jumbo mortgages?”
