Where to get a 10% down vacation or second home JUMBO loan

When it comes to premium second home or vacation home purchases often that involves JUMBO financing. In the current rate and lending environment, cash on cash return is often best utilizing with maximum leverage. 

To answer a common question: Yes, there are jumbo home loan programs that offer borrowers to put as little as 10% down for luxury property purchases. 

In general these mortgage programs are for prime borrowers. The more income documentation the better. 

Additionally there are medical programs that allow for 100% financing on primaries and can  often get exceptions for lower down payment requirements on jumbo second home loans. 

In general I would sugges a luxury mortgage lender or broker. They'll often know exactly where to take the client if they hav experience with higher loan amount mortgages. 

In Florida we work with a north coastal bank that offers perhaps the strongest Jumbo Mortgage the country. The underwrite is not easy, but if the client qualifies it's worth the effort. They do difficult to do Jumbo's as well such as DSCR, Foreign National, lower down payment luxury condos and ALT-A bank statement programs as well.