Are there any options out there that require less than 15% down?

The quick answer is yes, it is potentially possible to buy with only 15% down on a jumbo loan amount (loans over $417,000). Of course every lender is going to need a full application to determine if you qualify. In MN or WI, go to www.MortgagesUnlimited.biz

If any of the borrowers has been in the military and was honorably discharged, there is VA benefits that allow 100% financing, however lender overlays might require 10% down. Also, if the home your looking at falls under the USDA Rural Areas, then 100% financing is available, however your maxed out at $417,000 loan amount.. What your looking at is a Jumbo mortgage. The general perception is that if you can afford a $575K home, you should be able to put 15 to 20 % down. Compass Bank has a program that will do 100% financing up to $1M, however it is only for Doctors, Attorney's, CPA's and Dentists. Best bet is to contact a local Mortgage Broker (Not A BANK).. brokers have a vast number of lenders they deal with and will be able to better match your particular scenario to the right lender and financing program. Select the "Find A Lender" tab above and look at the list BELOW the map... this is a list of Lender411 approved Brokers... WilliamAcres.com

I'm at iLoan and can do a $500k first position loan amount (at/below 90%) with your scenario you described in MN or WI (pending a full application and certain other qualifying specifics like Joe said). Check out my info at: www.StevenBrandHomeLoans.com