LogoLogo
  • Home Loan Options

    Get Your Mortgage Review

    Explore the USA’s largest database of home loan programs.

    Purchase Programs
    Refinance Programs
    1st Time Homebuyers
    No Money Down 100% Financing
    Special Offers
    Funding Institutions
    Updates & Alerts
  • Tools

    Tools

    Better tools to make better home financing decisions.

    Mortgage Education Center
    Loan Finder
    Blog
    Glossary
  • How It Works

AIG Jumbo Purchase Loan

Best For: Large Down Payments, Large Loan Amounts, High Credit Scores, Lowest Rates

Fixed-rate jumbo mortgage option for loan amounts up to $2 million—also available for second homes and investment properties.

AIG Jumbo Purchase Loan

  • Introduction
  • Quick Facts
  • Pros & Cons
  • Availability
  • Occupancy & Property Type
  • Income & Purchase Price Limits
  • Key Features & Conditions
  • Other Limitations
  • Mortgage Insurance & Fees
  • Similar Loan Programs
  • Related Resources

Program Description

AIG funds jumbo mortgages for purchase with loan amounts up to $2 million. A jumbo purchase can help you buy a higher-priced home in which your loan amount exceeds the conforming loan limits for the county where you are purchasing. AIG has 15, 20, and 30-year fixed-rate terms, as well as second home and investment property options. They are worth comparing when reviewing your jumbo loan products.

Tags
Investment Property OptionsLow or No Mortgage InsuranceMulti-Family Home Options
Do you match this loan?

Our loanSMART system will tell you if this loan program is a good fit your scenario.

AIG Jumbo Purchase Loan

Min. Credit Score

680

Min. Down Payment

20%

Max Loan Amount

$2,000,000

Qualification variables shown here are for 1-Unit Primary Residences, and loan amount ranges vary based on US County. Register Now to see if this loan program is a good fit for you, find your county limits, and find more options for purchasing a home.

Pros & Cons
  • No borrower income or purchase price limits
  • No mortgage insurance
  • Loan amounts limits are higher than standard conventional purchase limits
  • Low debt-to-income (DTI) ratio requirements
  • Higher down payment requirements than some other jumbo programs
  • 6 to 18 months reserves needed
  • Stricter qualifying requirements
Program Availability

AIG Jumbo Purchase Loans are available in all 50 states, Washington D.C., Puerto Rico, and the U.S. Virgin Islands.

Talk to an Expert

An RMM PROLender can help you see if this or a different loan program is the right fit for your unique situation. Get Started.

“Looking to purchase a higher cost home? Make sure to consider AIG, along with other jumbo loan options."

Occupancy & Property Types

Qualification factors for this program can vary based on how you intend to occupy the property and what type of property you are purchasing. By registering for a free account , you can check program limits for all property and occupancy types.

Occupancy Types

Available Property Types for Primary Residence
Income & Purchase Price Limits

Your Debt-to-Income Ratio (DTI), as well as purchase price and income limits, are important factors when qualifying for a home loan program. By registering for a free account , you can find the exact program limits for this program and others in your area and for your unique scenario.

Debt-to-Income Limit

45.00%

Purchase Price Limit

No Limits

Income Limit

No Limits

Qualification variables shown here are for 1-Unit Primary Residences, and loan limit ranges vary based on US County. Amounts may be rounded. Exact amounts can be accessed by registering for a free account.

Buying a Home?

Answer a few short questions and we'll build you a custom list of home loan program options. You're homeownership journey is in good hands.

Key Features
  • Loan amounts up to $2 million
  • Also available for purchasing second homes and investment properties
  • Offers 15, 20, and 30-year loan terms, no ARM options
Additional Conditions
  • Cash reserves must cover both the closing costs and the mortgage payments for at least 6-18 months
  • Simultaneous second mortgage financing is not allowed when purchasing
Other Limitations

In some circumstances, there are specific requirements you must meet or homebuyer education courses you must attend in order to be eligible for the loan program.

No other program limitations

A Homebuyer Education Class is not required for this loan program.

Mortgage Insurance & Fees

Most mortgage programs require mortgage insurance when you are financing more than 80% of the purchase price or appraised value. Some programs may also have an associated funding fee, paid at the time of closing, or an annual fee. Learn all about the different fees here.

Mortgage Insurance
No Mortgage Insurance

This program does not require Private Mortgage Insurance (PMI).

Funding Fee
Type: No Funding Fee

This program does not have a funding fee.

Annual Fee
Type: No Annual Fee

This program does not have an annual fee.

Estimated Closing Costs: 2.5%

These amounts are just an estimate. Your closing costs include things like loan origination fees, discount points, appraisal fees, title insurance, taxes, deed recording fees, and other charges.

Similar Loan Programs

If you think this home loan program may be a good fit for you, you may also want to check out the following programs that share many similarities with the current program.

Citi Jumbo Purchase Loan

Best For: Large Down Payments, Large Loan Amounts, High Credit Scores

Citi's fixed and adjustable-rate jumbo mortgage options can go up to $3 million with flexible qualification and competitive interest rates.


Details
AIG Jumbo Rate-and-Term Refinance

Best For: Large Down Payments, Large Loan Amounts, High Credit Scores

Fixed-rate jumbo refinance option for loan amounts up to $2 million, also available for second homes and investment properties.


Details
Flagstar Jumbo Express Purchase Loan

Best For: Large Down Payments, Large Loan Amounts, High Credit Scores, Savvy Investors

Flexible jumbo purchase option with 10% down option, flexible qualification guidelines, and lower credit score requirements.


Details
Chase Jumbo Purchase Loan

Best For: Large Down Payments, Large Loan Amounts, High Credit Scores

Fixed and adjustable-rate jumbo mortgage options for loan amounts up to $3 million—down payments as low as 10.01% and flexible qualification.


Details
Bayview Jumbo Plus AUS Purchase Loan

Best For: Large Loan Amounts, Low Credit Scores, Easy Qualification

Fixed-rate jumbo mortgage options for loan amounts up to $2 million allowing for credit scores as low as 661.


Details
Wells Fargo Jumbo Purchase Loan

Best For: Large Down Payments, Large Loan Amounts, High Credit Scores

Fixed and adjustable-rate jumbo mortgage options for loan amounts up to $3 million—flexible qualification and competitive interest rates.


Details
Pennymac AUS Jumbo Purchase Loan

Best For: Large Down Payments, Large Loan Amounts, High Credit Scores

Pennymac's fixed-rate jumbo mortgage options can go up to $3 million with down payments as low as 10.01%.


Details
Bayview Jumbo AUS Purchase Loan

Best For: Large Down Payments, Large Loan Amounts, High Credit Scores

Fixed and adjustable-rate jumbo mortgage options for loan amounts up to $2.5 million with as little as 10.01% down payments.


Details
Home Possible® High-Balance Purchase Loan

Best For: First Time Homebuyers, Large Loan Amounts

Low down payment financing above the conforming loan limit with discounted fees for creditworthy low and moderate income borrowers across the US.


Details
FHFC Bond HFA Conventional Loan - Low Income

Best For: First Time Homebuyers, Low Down Payments, Lowest Rates, Easy Qualification

Florida Housing Conventional Loan for low income first time buyers with lower mortgage insurance that can be paired with assistance programs.


Details
Related Resources
2023 Cash-Out Refinance Guide

Owning a home is a big investment and like with many long-term assets, it comes with a few added responsibilities. To keep your home appreciating in value and to make sure you continue to enjoy it, it's important to keep it maintained and updated.

Read More
2023 Best Mortgages for Investors

Learn about investment property loans, including loan options, requirements, and interest rates to help you find and compare investment property mortgage loan programs and choose your preferred lender.

Read More
A Rundown On Closing Costs and How They Affect You

It can be tricky to sift through all the figures , so we broke down what they are, how much they cost, who's responsible and how to minimize your expenses.

Read More

Visit our Mortgage Education Center for more resources.

* Some loan programs may not be offered by all featured lenders of ReviewMyMortgage.com and qualification guidelines may vary between them. Our team makes their best effort to keep loan program information up to date. Loan programs may change without warning. ReviewMyMortgage.com does not guarantee or offer any loan products. ReviewMyMortgage.com is strictly an educational resource hub for consumers

Mortgage Program by:

ReviewMyMortgage.com is in no way affiliated with the companies or institutions listed here.

Start Your Journey

Whether your are buying a new home, or refinancing your current home loan, let the experts at Review My Mortgage guide you on your homeownership journey.

Are you a mortgage professional?

Learn about our unique sponsorships, including RMM PROLender, that can take your production to the next level.

Get in Touch

Work with the best mortgage lender in every state. Period.

Quick Links
  • Get Your Mortgage Review
  • Purchase Programs
  • Refinance Programs
  • 1st Time Homebuyers
  • No Money Down 100% Financing
  • Special Offers
  • Funding Institutions
  • Updates & Alerts
  • Mortgage Education Center
  • Blog
  • About Us
  • Recruiting
Get Started

Find and compare all your local home loan options.

© 2023 ReviewMyMortgage.com Inc | All Rights Reserved | Privacy Policy | Terms & Conditions | Site Map We are not a mortgage company and do not offer mortgage loans through ReviewMyMortgage.comDesigned and developed by TIB Digital