Real Loan Experts • No Call Centers • No Chatbots
LOW DOWN PAYMENT MORTGAGE SOLUTIONS FOR TODAY'S HOMEBUYERS
Access competitive mortgage solutions from multiple lenders with guidance from experienced local mortgage professionals.
FAST PRE-APPROVAL REVIEW
NO OBLIGATION CONSULTATION
LOCALLY OWNED & LICENSED IN MD, PA, VA & WV
Get Approved Once, Then Generate Your Pre-Approval Letters Online Anytime – 24/7.
Access To Multiple $0 Down Loan Programs
Credit Scores Starting at 580
Get Approved Once. Access Your Pre-Approval Letters 24/7
Dedicated Mortgage Advisor
How do you want to get started?
Quick application
With Millennial Home Loans quick online loan application, determining if you qualify for an Jumbo Loan and for how much, has never been easier.
Talk to an Jumbo Mortgage Expert
Not ready to apply online? No problem. Answer a few questions, and a Jumbo Home Loan Mortgage Expert will call you back.
Jumbo Loans.
Down Payments as low as 5% and Loan Amounts up to $3,000,000
Looking to purchase a home or refinance a high-value property? Our Jumbo Mortgage Loans make it possible with down payments as low as 5% and loan amounts up to $3,000,000. Whether you’re a first-time buyer or a seasoned homeowner upgrading to your forever home, we’ve got flexible options to meet your needs.
Jumbo Loan Program Benefits
- Down payments as low 5%
- Maximum loan amounts to $3,000,000
- Both 30-year Fixed Rate and Adjustable-Rate Mortgage (ARM) Options
- Available for purchase, rate/term refinance, cash-out refinance
- Eligible geographic areas include all of Maryland, Pennsylvania, and Virginia
Generic Guidelines
- Loan amount must be $1 more than FHFA Conforming Loan Limits
- Loan Purpose: Purchase, Rate-Term Refinance, or Cash-Out Refinance available
- Down Payment: As low as 5% down for loan amounts up to $1,000,000
- Maximum Loan Amount: Up to $3,000,000
- Minimum Credit Score: 700
- Occupancy Types: Primary residences and second homes only; no investment properties
- Debt-to-Income Ratio: Maximum 45% DTI
- Amortization Options: 30-year fixed or adjustable-rate (5/6, 7/6, 10/6, 15/6 ARMs)
- Reserve Requirements: Vary by LTV and loan amount; up to 18 months may be required
- Property Types Allowed: 1-unit homes, condos (Fannie Mae warrantable), PUDs
- Appraisal Requirements: Full interior appraisal required; field review needed for higher LTVs and loan amounts
