The JUMBO loan is a loan product that exceeds $424,100. A borrower can obtain a new JUMBO loan with as little as a 10% down payment and has several term options to choose from depending on payment goals, ranging from 3 year adjustable rates to 30 year fixed options. We can also structure a Piggyback loan where the primary loan is a normal conventional loan up to $424,100 to avoid mortgage insuranceand a second is completed up to a 90% combined loan-to-value.