Purchasing a high end home:
Consider a jumbo loan if you need a loan that exceeds your county’s conforming loan limit.
Eliminate the need to have multiple loans:
Provides the convenience of one loan for the entire loan amount, with a variety of options.
Save on mortgage insurance:
Since a 20% down payment is often required for jumbo loans, private mortgage insurance isn’t always required.
Good credit score
A deposit of 20% or higher
Proof that you are able to repay the loan
Statement of assets