Buying a high-value home with a jumbo loan, step by step
Jumbo down payment sources
In brief
Jumbo lenders usually accept savings, investment accounts, proceeds from a home sale and sometimes gifts, as long as each source is documented. Large recent deposits need explanations. Ask the lender which sources and how many months of statements it needs.
Last reviewed against the primary sources listed below.
Prepare
- Account statements.
- Sale settlement statement.
- Gift letter if used.
Buyer questions
Can I use a gift for a jumbo down payment?
Some lenders allow it with documentation.
Can I use investment accounts?
Usually, with statements.