What kind of credit score do I need to qualify for jumbo financing in the US

If you are putting 35% down you can have a min of 680...If you put 20-30% down then you would need a 720 fico. Good luck-

mid credit score 700, finance up to 1mill with 20% down mid credit score 720, finance up to 2mill with 20% down mid credit score 640, finance up to 697,500 (san diego county) with 3.5% down

Depending on the investor, you are usually looking at 720+, but there are exceptions depending on what you are doing. Purchase vs Refi, LTV, etc. Work with a local Mortgage Banker/Broker and not one of the big banks or national mortgage mills. ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ www.LoansA2z.com

Jumbo loans are different than your traditional financing options... FHA / VA / USDA / And Conventional loans have guidelines in place that all lenders must adhere to in order to have the loan insured / guaranteed... Jumbo lenders on the other hand have their own set of guidelines... and there is no insurance or guarantee... it's their money, so they can make up their own rules... Because of the inherent additional risk of lending without having the insurance to fall back on in the case of a default, they adjust their loan programs accordingly... so if you have a low credit score, they will most likely require a larger down payment, and charge a higher rate... don't take this wrong.. if your credit score is 580.. You're not getting a jumbo loan.. The ideal range for Jumbo financing is 740 or above... with a minimum score of 660... But if your score is 660, expect to put as much as 40% down.. best advice I can give you is to Contact a LOCAL mortgage broker, not the local "Big" bank, and certainly not one of those 50 states internet lenders... the LOCAL broker is familiar with local customs and works with numerous lenders, seeking out the best loan terms for your particular scenario. Because he has lower overhead, he can offer you lower rates and lower fees than most of the larger lenders.. 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

depends on down payment