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Jumbo Mortgages With Only 5% Down

At LoanBud, we offer jumbo loans with as little as 5% down so you can preserve liquidity and close on your dream home.

Ready to get started?

Don't Choose the Wrong Jumbo Lender

 
Getting a jumbo mortgage is tough. As a jumbo loan applicant, the risk of your loan being denied is much greater due to strict qualifying requirements. If your loan is denied, you could:
 
❌ Miss your closing date
❌ Lose out on your dream home
❌ Forfeit your earnest money deposit
❌ Waste your time and money
 
I am dedicated to helping people just like you get approved for jumbo loans with as little as 5% down and flexible guidelines.  People who want to avoid wasting time and money working with the wrong jumbo lender.
 

Why LoanBud?

 

We host a variety of products that can help suit your individual needs. Some of the benefits are:

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LOW DOWN PAYMENT

Preserve liquidity with as little as 5% down up to $2 million and as little as 10% down up to $5 million.

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FLEXIBLE GUIDELINES

We allow as low as 620 FICO scores for Jumbo Loans. Recent bankruptcies, short sales or foreclosures may be acceptable.

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HIGHER LOAN AMOUNTS

We allow jumbo mortgages up to $10 million for those purchasing higher value properties.

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UNLIMITED CASH OUT

Jumbo refinances have no cap on the amount of cash you can receive up to the program LTV limits.

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NO TAX RETURNS

We offer several ways to qualify without using tax returns so you can get approved for your Jumbo loan.

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OCCUPANCY TYPES

In addition to primary residences, we provide Jumbo mortgages for second homes and investment properties.

What My Clients Have To Say:

"I am a business owner and knew I was generating enough income to buy the home I wanted, but I had trouble getting approved for a mortgage because my tax returns do not reflect my true income. After a consultation with Melissa I knew right away I was on the right track. She understood my self-employed situation in away that the other lenders I'd spoken with did not. During the entire loan process I felt things were clear and under control. In the end, I was able close on my home thanks to Melissa and I'd recommend her to anyone looking to buy a home!"

Robert B.

Self-Employed Homeowner

"When we first started looking for a mortgage, we did not realize how difficult it could be since our primary source of income is from our business. After we were pre-approved by another lender and denied later in the process, we were afraid we would not be able to close on our home at all. Melissa came to the rescue and told us exactly what we needed to do and provided a far more thorough review of our documentation then the previous lender did. I just wish we knew about Melissa and her team sooner because it would have saved us time, money, and a headache. 10/10; I have already started recommending Melissa to my friends and colleagues!"

Ashley and Chris H.

Self-Employed Jumbo Mortgage Borrower

Getting a Loan with LoanBud
is as Easy as 1, 2, 3 ...

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Schedule a Consultation

Schedule time on my calendar for a consultation so I can understand your goals and create a plan for you.

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Know Your Options

Discover what options are available to you and have confidence knowing your income has been reviewed up front.

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Close Your Loan

Relax as I guide you through a stress-free loan process so you can close on time.

FAQs

What is a Jumbo Loan?

A jumbo loan is a mortgage that is used to finance a home that is too expensive for a conventional conforming loan. The local conforming loan limit is set by the Federal Housing Finance Agency (FHFA). In 2022, the conforming loan limit for a one-unit property is $647,200 in most counties, although it can be as high as $970,800 in certain high-cost areas. 

 

If you’re considering purchasing a high-value or luxury home, a jumbo loan may be right for you.

What are the requirements for a jumbo loan?

Unlike conventional home loans, Jumbo loans are not guaranteed by Fannie Mae and Freddie Mac, so the lender is not protected from losses if the borrower fails to pay back their loan. This means that they are riskier to the lender. Because of the higher risk, the requirements are often more stringent than that of a conforming loan.

 

Here's how LoanBud makes it easier for you to qualify for a jumbo loan:

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What are your jumbo mortgage rates?

Jumbo loans can come with higher interest, but that isn’t always the case. Borrowers may find jumbo loans with interest rates comparable to those of conforming or conventional loans.

Many factors will determine the final interest rate, so it’s important to speak with a loan officer who understands jumbo mortgages.

How much should my down payment be for a jumbo loan?

Most banks require down payments as high as 30% or more for Jumbo loans, which can feel overwhelming to anyone looking to purchase a large home. At LoanBud, we believe that Jumbo Loan borrowers should not have to put a larger percentage down than everyone else, so we allow jumbo mortgages with 5% down.

Can I get a jumbo cash out refinance?

Yes, at LoanBud we allow for jumbo cash out refinances up to 85% of the appraised value of the property.  We can also offer a post-closing Home Equity Line of Credit (HELOC) for an additional 10%, bringing the total leverage to 95% of the appraised value.

What is the maximum cash out on a jumbo refinance?

We believe the equity in your home belongs to you, and that limiting the amount of cash back one can receive from a refinance is just wrong.  Unlike other lenders, at LoanBud we do not limit the total amount of cash back you can receive.

Get Approved for a Low Down Payment Jumbo Mortgage

 

At LoanBud, we know if you’re purchasing a home over $700k you are the kind of person that wants to be successful. In order to be that way, you need a Jumbo mortgage. The problem is, most banks have very strict guidelines and massive down payment requirements, which makes you feel frustrated and overwhelmed. I believe that Jumbo Loan borrowers should not have to put a larger percentage down than everyone else. I understand how frustrating it can be for people to struggle with getting a Jumbo Mortgage Loan. That’s why we allow lower down payments with flexible credit and underwriting guidelines. 

Here’s how it works: 

  1. Schedule a Consultation
  2. Know Your Options 
  3. Close Your Loan


Schedule a consultation with me today so you can stop worrying about a mortgage and start enjoying your dream home.

 

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LOANS FOR REAL ESTATE INVESTORS

Mortgages for investment properties and Airbnb homes with no income documentation required.

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PIGGYBACK MORTGAGES

Piggyback loans with as low as 5% down and no mortgage insurance.

Ready To Get Started?

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LoanBud is a Division of First Home Bank, Member FDIC, Equal Housing Lender NMLS ID 806183 Copyright © 2022. All rights reserved.
*Credit and collateral are subject to approval. Terms and conditions apply. This is not a commitment to lend. Programs, rates, terms and conditions are subject to change without notice.

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