Low Down Payment Jumbo Loans — California
Can you get a jumbo loan with 10% down?
Yes — several jumbo programs allow as little as 10% down on primary residence purchases in California. Here’s how it works.
10% down is possible — with conditions
Multiple jumbo programs allow financing up to 89.99–90% LTV on primary residence purchases. This scenario comes with a specific set of overlays that all must be satisfied.
Requirements for 10% down jumbo financing
- Fixed rate only — ARMs are not eligible above 80% LTV
- No secondary financing — cannot combine with a second loan or HELOC
- Reduced DTI — maximum 38–40% (vs. 50% at lower LTVs)
- No gift funds — all down payment must come from your own verified assets
- Impound account required — taxes and insurance must be escrowed
- No non-occupant co-borrowers — all borrowers must intend to occupy the property
- Higher credit score required — typically 680–740+ depending on program and loan amount
- Higher reserve requirements — additional post-closing liquid assets required
Loan amount limits at 10% down
The maximum loan amount available at 90% LTV generally ranges from $1.5M to $2M. Higher loan amounts require more down payment.
Is 10% down right for you?
If you have the income and credit profile to qualify but prefer to preserve cash after closing, a 10% down jumbo loan can be a powerful tool. Expect a slightly higher rate and stricter DTI and reserve requirements.
10% down on a $1.2M California home means $120,000 at closing instead of $240,000. For the right borrower, this program opens doors that would otherwise require years of additional saving.
Serving California homebuyers and investors — Orange County, Los Angeles, San Diego, the Inland Empire, and communities throughout Southern California including Irvine, Huntington Beach, Anaheim, Fullerton, Garden Grove, and Santa Ana.