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Looking for a jumbo loan 80-90% LTV with no PMI

Looking for a jumbo loan in texas in the $1 million to $2 million range. I'm trying to get the best rate. by kimber_lee6722265 from Sumner, Texas. Mar 30th 2015 Reply


Chris Samples (csamples)
#0 ranked lender in Texas - 82 contributions

Good afternoon Kimber,I work with several Jumbo lenders that offer loans at 80%-90% LTV without PMI. Please call or email me to discuss the program specifics and interest rates associated with each. Thank you!

Mar 30th 2015
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William J Acres (William_Acres)
#0 ranked lender in Arizona - 7,917 contributions

No loan officer with any integrity would ever quote a rate without knowing all the details. Not only is it unethical, but in most cases, if it's not quoted properly, it's illegal, and any loan officer who does quote you is probably someone you should avoid using.. you would only be setting yourself up for disappointment.. Credit, credit score, income, debt, debt to income ratio's, derogatory credit, loan amount, property type, loan to value, etc.. so much info is necessary to determine what the rate is that it's impossible to quote without looking at the complete loan scenario.. Let me say this.. rates are low.. really low, so if your thinking about buying or refinancing, you should do it now.. and to start, you should contact a local mortgage broker.. apply with them and let them give you exact numbers rather than a guess.. as far as finding a Jumbo loan with no PMI, you would need to put 20% down, 80% LTV to avoid paying MI.. for the lenders who advertise no PMI, be informed.. if you put less than 20% down, your paying MI.. either in the form of a higher interest rate or by paying an upfront fee, or you pay monthly, but trust me.. your paying PMI..... I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Mar 30th 2015
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Phil Dumouchel (PhilDu)
#0 ranked lender in South Carolina - 2,225 contributions

I'm with PrimeLending which is based on TX and would be pleased to quote our options but would need much more information. Just click on my profile name to see my contact info.

Mar 30th 2015
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Bill Cook (loanpro)
#0 ranked lender in California - 43 contributions

The best rates are associated with borrowers who have strong financials (income and liquid reserves) and credit scores above 740. Having said that, we have some of the best rates and terms with 85% LTV up to $2 million in Texas.

Apr 6th 2015
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