Jumbo 90% LTV with no MI

Jumbo 90% LTV with no MI Loans Best Suited For

This loan is an excellent option for someone looking to Purchase or Refinance a home with a Loan Amount greater than the Fannie Mae Loan limits of $510,400 for a Single-Family Home.

Jumbo 90% LTV with no MI Loans Work

These loans are Portfolio Loans that are not connected to any Government Agency. These loans are geared for A paper borrower. Approvals are heavily focused on your creditworthiness, coupled with a deep dive into your Income and Assets.

Loan Program Highlights for Jumbo 90% LTV with no MI Loans

  • This program is only eligible for Purchase Transactions
  • Loan Amounts up to $2 Million
  • Maximum Loan to Value is 90%
  • To qualify, it must be Full Documentation ONLY. We require Tax Returns for proof of income and Bank Statements for proof of assets
  • A minimum credit score of 720 is required for the program
  • Max DTI is 50%
  • Minimum of 12 Months Reserves required
  • The occupancy is limited to Primary Residence ONLY
  • Single Family Homes, PUD’s, Townhomes, and Condominiums are all eligible for financing. The condominium complex must be Fannie Mae Approved
  • First Time Home Buyers are Eligible
  • Delayed Financing options are available
  • 30 Year Fixed Only
  • Permanent Resident Alien and Non-Permanent Resident Alien Financing Options available
  • 95% gift funds allowable for Down Payment, Closing Costs
  • Loan Amounts over $1 Million Dollars requires 1 Full Interior/Exterior Appraisal and one Drive-by Report by a separate appraisal
  • 10 Year Interest Only Option Available
  • 40 Year Term Option Available
  • Minimum Loan Amount is $250,000.00
* Loan Amounts vary based on LTV, Credit, and overall creditworthiness
** More reserves will be required for Loan Amounts over $1,000,000.00