I am looking for a 10% down jumbo loan in Scottsdale, AZ Find answers to this and many other questions on Trulia Voices, a community for you to find and share local information. Get answers, and share your insights and experience.

5% Down Payment options available up to $1,500,000 will require a 720 minimum MID FICO with best rates offered with a 740 mid fico score and loan amounts up to $2,000,000. 10% Down Payment options up to $3,000,000 are available with a minimum 660+ MID FICO Score for both full income loan type and our "no tax return" bank statement deposit loans.

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Jumbo 80/10/10 Loan (10% Down Payment) up to $1.7 Million. In some cases, this could mean a higher interest rate on the 1st mortgage.

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Just an update.I received approval this morning from my local credit union for the Jumbo Loan for 705K with 10% down which covers the cost of the house and a bit more. Many thanks to you all for the guidance, suggestions, etc.

Jumbo Loans- APR calculation assumes a $500,000 loan with a 20% down payment and borrower-paid finance charges of 0.862% of the loan amount, plus origination fees if applicable. If the down payment is less than 20%, mortgage insurance may be required, which could increase the monthly payment and the APR.

Under the policy, defaulters can make a 2 percent down payment to reschedule their loans for 10 years, including one year’s grace period, at 9 percent interest rate. The borrowers, who will get the.

Whats A Good Mortgage Rate To get the lowest mortgage rate, you need a good credit score. It will be the biggest factor in determining your interest rate. Just a half point difference can have a huge impact on your mortgage and mortgage payment. For example, the difference between a 3.5 percent rate and a 4 percent rate on a $200,000 mortgage is $56.74 per month.

Because the VA Jumbo interest rate is so much lower, not only is the payment virtually the same on the VA Jumbo as the conventional jumbo (in this example, the VA loan amount is higher because of the lower required down payment), if you were to hold each loan to its full 30 year maturity, the VA Jumbo loan saves you over $50,000 in interest.

Homeowners that want to refinance their current loan to reduce the interest rate, term, etc, please refer to the Jumbo Refinance page. Please note, Jumbo cash out refinance programs are also available but limited to 90% loan to value. Loan Qualifying Restrictions: 5%, 10%, 15% and 20% Down Programs