Jumbo Mortgages with as Little as 5% Down
Get flexible jumbo mortgages even when traditional banks say no.
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Built for larger loans, with low-down-payment flexibility.
Perfect for buyers who need financing beyond conforming limits without sacrificing the flexibility of a low down payment.
Property Types
Residential & commercial
Occupancy
Long- or short-term rentals
Acquisitions
Vacancy OK, no STR history
Broad Property Eligibility
Finance residential and commercial properties, including short- and long-term rentals.
$832,750+
No maximum loan amount
Financing up to 95% LTV
Beyond Conforming Limits
Loan amounts start where conforming loan limits end, with no upper cap.
NationwideAvailable Nationwide
Available in all 50 states.
Common-Sense Qualifying
Approval built around strong borrowers, not just a checklist.
From 5%
Down payment
45–50%
DTI
620+
Credit score
Do you qualify for this loan?
Here's what you need to qualify. Even if you don't meet every criterion, reach out. We'll help you find a path that works.
620+
Credit
You'll need a 620 score or better to qualify, with flexibility for strong financials.
From 5%
Down Payment
Down payments start at 5%, depending on your credit and loan amount.
1–3%
Closing Costs
Plan for roughly 1–3% of the amount you're financing to cover closing costs.
Under 45%
Debt
Less than 45% of your income should be going toward paying debt.
Frequently asked questions
Answers to the questions we hear most often about jumbo mortgages.
A jumbo mortgage is a type of home loan that exceeds the conforming loan limits set by the Federal Housing Finance Agency (FHFA). The current conforming loan limit is $806,500, so any loan amount greater than $806,500 is considered a jumbo mortgage. Jumbo mortgages are not backed by the government and, therefore, typically require a higher credit score and down payment than conventional loans. However, here at Modern Day Lending, we provide jumbo mortgage solutions that allow a lower down payment along with a lower credit score.
For a traditional jumbo loan, here is what you will need to provide:
- 2 years W2
- 2 years personal & 2 business tax returns (If applicable)
- 30 days pay stubs
- 2 months personal asset statements
- Drivers license
For a self-employed jumbo loan, here is what you will need to provide:
- Minimum of 12 months business or personal bank statements
- Minimum of 1 year of Profit and Loss Statement Balance
- Minimum of 1 year 1099
Also required:
- 2 months personal asset statements
- Drivers license
- CPA letter to attest to your ownership
Jumbo loans can be used for primary residences, second homes, and investment properties, but eligibility depends on the lender. Factors like property location, condition, and type (single-family home, condo, multi-unit, etc.) can impact approval.
Most lenders require 6 to 12 months’ worth of mortgage payments in reserves after closing. This ensures you have enough savings to cover payments in case of unexpected financial changes.
Still have questions? Talk to a real person on our team.
Start My ApprovalRecent Fundings
We are committed to helping individuals and families achieve their homeownership goals.
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Learn before you borrow
Guides and insights to help you qualify with confidence and pick the right program.
Ready to get started?
Talk to a real person from our team right now.