WHAT IS THE MINIMUM DOWN PAYMENT FOR A JUMBO MORTGAGE?

What types of jumbo loans are there, and what are the lending requirements to qualify for jumbo loans?

Jumbo loans are home loans that exceed the maximum conforming loan limit of $726,200. To be within the conforming loan limit is required to qualify for conventional loans. Any loans exceeding the 2022 conforming loan limit of $726,200 set by the FHFA are referred to as non-conforming loans or jumbo loans.

What are the minimum credit and income standards to qualify for a jumbo loan?