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Loans Greater Than $417,000 Require 10% Down or FHA with 3.5% Down

Financing for loans less than $417,000 can be obtained with as little as 3% down (or even less with Homebuyer’s Assistance Programs).

For loan amounts over $417,000 and up to $625,500 (in “High Balance” counties), borrowers must put down at least 10% for conventional financing, or obtain FHA financing with 3.5%. There are still no 3% or 5% down conventional financing options for loans over $417,000.

Some jumbo lenders (for loans over $625,500) will allow for 10% down, but the most competitive jumbo lenders still require 20% down at a minimum.

Jay Voorhees
Founder/Broker | JVM Lending
(855) 855-4491 | DRE# 01524255, NMLS# 335646