Seller concessions - Many traditional lenders deduct seller concessions from the overall purchase price of a home. You can gather quotes from all of them and compare them to find the best deal. It is for this that you will have to analyze your needs first and then get along choosing the provider. Yes, jumbo loans do require a substantial down payment, 20% up to a $1,000,000 but the loans are there. If the loan applicant is someone who has retired with pensions, a 1099 form, along with the person's social security award letter and copies of the pension checks are generally required.