 TITLE: What Is a Jumbo Loan? CONTENT: When Does It Make Sense to Get a Jumbo Loan?\n--------------------------------------------\nIf you want to buy a luxury home, or one with amenities that make it significantly more expensive than the average home in your community or county, a jumbo loan may be your only option for financing the purchase. Applying for a jumbo loan only makes sense if you have the financial resources needed to pass the rigorous qualification process, including a credit score of about 700 or better and sufficient liquid assets to cover a down payment of 20% or more, origination fees, appraisal(s) and at least six months of payments on the loan. END