10% Down JUMBO Loan NO PMI

   Jumbo Loans Just got Easier!

Are things loosening up in mortgage-land?  The 10% down JUMBO loan option points to yes. Another bonus is that this JUMBO home loan does NOT require mortgage insurance.  JUMBO loans (loans over $453,100,100 in Maricopa County) are known for having tougher mortgage regulations.  Well, not this time!

Apply for a Home Loan
Team@JeremyHouse.com
602.435.2149

 10% Down Jumbo Loan Basic Guidelines

In addition to a low down payment and no mortgage insurance, this JUMBO mortgage offers flexible underwriting making it easier to qualify.  For example:

Minimum Down Payment:
10% – no mortgage insurance required

Minimum Credit Score:
Contact us for more information

Appraisal Requirements:
1 full appraisal required for loans up to $1.0 million
1 full appraisal and 1 field review required for loans > than $1.0 million up to $1.5 million
2 full appraisals required for loans over $1.5 million

Maximum Loan Amount:
$2.0 million

Apply for a Home Loan
Team@JeremyHouse.com
602.435.2149

10% Down JUMBO Loan Post-Derogatory Credit Waiting Periods

Specifically, our 10% down JUMBO loan offers flexible post derogatory credit guidelines as well.  Below is a list of how long a borrower must wait after a major derogatory event before they are eligible for this JUMBO loan option in Arizona.

  • Post Chapter 7 bankruptcy: 4 years
  • Post Chapter 13 bankruptcy: 4 years
  • After foreclosure: 8 years
  • Following short sale with no late mortgage payments made: 0 years
  • Following short sale with no late mortgage payments made: 4 years

Finally, financing a home with a JUMBO loan in Arizona just got easier. Even more, Arizona home-buyers have the option to finance over $453,100 with less cash exposure.

By Jeremy House
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