When people think of luxury homes, they often assume massive down payments are required — 20%, 30%, or even more. But the reality is changing. Today’s high-net-worth buyers have more flexible options than ever before. At Bluegrey Mortgage, we help clients secure jumbo loans on luxury homes over $2 million with as little as 10% down, all while maintaining competitive rates and smooth approvals.

🏡 What Is a Jumbo Loan?

A jumbo loan is a mortgage that exceeds the conforming loan limits set by Fannie Mae and Freddie Mac (currently $766,550 in most areas for 2025). When your loan amount goes beyond that limit, it falls into the “jumbo” category — often used for luxury homes, waterfront properties, and high-end investment purchases.

Because jumbo loans aren’t backed by the government, they typically have stricter requirements — but new programs and strong borrower profiles are making them more accessible than ever.

💰 10% Down on Homes Over $2 Million — Yes, It’s Possible

Traditionally, jumbo loans required 20% or more down, but innovative lenders and broker programs now allow well-qualified borrowers to put down just 10%, even for homes in the $2–$3 million+ range.

Here’s how it works:

• Strong credit scores (usually 740+)
• Proven income and asset documentation
• Reasonable debt-to-income ratios
• Solid reserves (post-closing savings or investments)

Some programs even allow no mortgage insurance (PMI) despite the lower down payment — helping you keep your monthly payment manageable.

🔍 Who Qualifies for These Programs?

This type of financing is ideal for:

• Professionals with high income but limited liquidity (business owners, physicians, tech professionals, etc.)
• Buyers who want to keep more cash invested elsewhere
• Relocating executives or families purchasing second homes
• Clients purchasing luxury primary or vacation homes

📈 Why Work with a Mortgage Broker Like Bluegrey Mortgage?

Luxury financing is never one-size-fits-all. Working with a mortgage broker gives you access to multiple lenders and jumbo loan programs — not just one bank’s limited options.

At Bluegrey Mortgage, we:

• Shop rates and terms across numerous luxury loan programs
• Coordinate with your realtor, title company, and financial advisors
• Provide white-glove service from pre-approval through closing
• Offer customized financing for loans up to $3M+

✨ The Bottom Line

If you’ve been holding off on buying your dream home because of the down payment, now may be the perfect time to explore your options. With as little as 10% down on jumbo loans over $2 million, luxury living is more attainable than ever.

Whether it’s a waterfront estate, a high-rise penthouse, or a new construction property, the Bluegrey Mortgage team is here to make your luxury home goals a reality.