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Updated over 3 years ago on . Most recent reply

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Jason Lagan
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583
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Reid Chauvin
  • Lender
  • Nashville TN - Licensed in AL AR DC FL GA LA MD TN, TX and VA
337
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583
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Reid Chauvin
  • Lender
  • Nashville TN - Licensed in AL AR DC FL GA LA MD TN, TX and VA
Replied

I have not heard of any 3% or 3.5% down jumbo products (that's not to say they don't exist). 10% down is more commonplace for loans exceeding the conforming loan limit of $647,200. There is also the option of a 2nd mortgage (piggyback mortgage) to supplement your down payment, if you're not too far above the conforming loan limit. 

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