Can I get a jumbo loan with no down payment?

Uh... NO! If you are looking at a loan for more than the conventional limits ($417,000 in most parts of the country), then you will have to have a down payment or equity. Although some lenders may allow you to include a second behind their new first, I know of none that will allow a transaction without at least 10% equity of the borrower, most require 20% or more ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ Certified by the National Association of Mortgage Professionals and Licensed in California and Arizona ~ www.LoansA2z.com 888-889-9950

A few years ago there use to be 80/20 loans available but those are hard or impossible to find. Almost every loan program requires some type of down payment. You should contact a Lender 411 mortgage professional in your area, they will give you good information about your particular situation. Good Luck.

There is one lender in the country that will allow up to $1M with zero down.. it's specific to Doctors, Lawyers, Dentists, & CPA's. The lender is a direct lender and does not deal with the broker community, however they do not lend in every state.. If you're in AZ, shoot me an email, and I would be happy to pass on the information... otherwise, you will need at least 10% down, preferably 20%... I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

Alan -- the answers provided are correct. Linda's suggestion to find local, licensed lender to explain the particular rules that would apply to your situation. If we knew where you were located, we might be able to suggest an appropriate lender.

No, sorry.

With today's lending standards you will not be able to get a jumbo loan with no down payment - generally of at least 20% (or 20% equity if refinancing).

Yes, this is not possible. On some areas of the country you can do a high balance VA loan with no down payment if you are a veteran, but other than that you are going to need at lest 10% minimum.

It is not very likely at zero down and in my opinion it shouldn't be allowed. Besides the doctor program at 5% or "0" in some cases, you may (not ttoally sure) get by with asset based lending whereby you pledge your securities (stock holdings) in place of the down payment. If you have $250,000 in a stock portfolio they may accept that as a down payment pledge. Verify it with a Merrill Lynch registered financial advisor as the program is subject to changes.