A Low Down Payment on Your Big Dreams!
Keep more of your money up front with only 3.5% down.
Your dream home shouldn’t require a big down payment. With an extremely competitive housing market leading to steep jumps in average property prices, you need the right jumbo mortgage to turn your ideal house into home sweet home.
That’s why CrossCountry Mortgage (CCM) is proud to present a product made for this challenge: the low down payment jumbo loan.
With interest rates at historic lows, it’s the perfect time to find out if you can afford the home you want with less money out of pocket up front.
What is a jumbo loan?
Before we get to specifics, a quick word about jumbo loans. As you might guess from the name, jumbos are bigger! They provide up to $5 million in financing for the purchase of high-cost homes. Jumbo limits are higher than the federal limits for conforming loans, which are purchased by Fannie Mae and Freddie Mac, but like conventional mortgages, their rates can be either fixed or adjustable.
A jumbo loan is a great way to achieve your lifestyle – whether you’re buying a high-cost home, purchasing an investment property, or turning vacation house dreams into reality.
CCM’s low down payment jumbo loan.
Now to answer the important question: What makes this product different? The down payment. Jumbo down payments are often ten or twenty percent. Down payments for this loan are as low as 3.5%! Here’s a quick breakdown of the highlights:
- Minimum down payment:
- 3.5% up to $1.5 million.
- 5% up to $1.75 million.
- Minimum credit score – 700.
- Maximum loan amount - $1.75 million.
- Loan term – 30 years.
- Loan type– fixed rate.
- Property type – primary residence only.
This home loan may be the right choice if you’re:
- Looking at a higher priced house but unsure about the up front costs. A down payment as low as 3.5% makes it easier.
- Ready to buy but want to set aside funds for other immediate needs. You’ll find savings here.
No matter your situation, keeping more of your money at the start could be a big benefit.
Close with confidence.
While finding the right mortgage is important, you deserve a smooth process and on-time closing to go with it. At CCM, we are dedicated to getting it done.
- We close much faster than the industry average, often in 21 days or less.
- Our team of expert professionals will guide you from first meeting to closing.
- You’ll always know your loan’s status with our clear, concise communication.
- Our advanced mortgage technology is backed by experts for a better loan experience.
Our goal is to provide you with the service to match your mortgage. With a competitive market and historically low interest rates, CCM’s low down payment jumbo loan may be the perfect fit.
When you’re ready for your big purchase, I’m ready to help you take the first step. Call or email. Let’s get started today!
All information provided in this publication is for informational and educational purposes only, and in no way is any of the content contained herein to be construed as financial, investment, or legal advice or instruction. CrossCountry Mortgage, LLC (“CrossCountry”) does not guarantee the quality, accuracy, completeness or timelines of the information in this publication. While efforts are made to verify the information provided, the information should not be assumed to be error free. Some information in the publication may have been provided by third parties and has not necessarily been verified by CrossCountry.