Banks want buyers to fork over larger down payments. Here are some workarounds

… New York City buyers who planned on setting aside a down payment of 20 … they  continue to tighten their lending practices Last week JP Morgan Chase sent a memo to loan professionals saying the …  70 percent of the sale price for jumbo loans forcing NYC buyers to up their down payments by an additional 10 percent …

By Emily Myers |November 12, 2020 - 9:30AM