85% No PMI

Highlights of Jumbo 85% No PMI:

  • Able to finance higher value properties or luxury homes
  • Allows for the purchase or no cash out refinance of primary residence
  • Lower down payment required than for typical for Jumbo Loans
  • Seller contributions are allowed
  • Available for 10-30 year terms

What is a Jumbo Mortgage 85% No PMI loan?

A Jumbo Loan is a mortgage that exceeds the loan limits set by Fannie Mae and Freddie Mac. They are also considered non-conforming.

How a Jumbo 85% No PMI works:

Typically a Jumbo loan can range up to two million dollars. A Jumbo 85% No PMI mortgage allows the borrower the flexibility of having a lower down payment. However the maximum amount loan amount cannot exceed $1.5 Million.

Purchase and rate/term refinance transactions are eligible for Jumbo Loan programs.

You will benefit from a 85% No PMI Mortgage if you:

  • Require a loan that exceeds Fannie Mae and Freddie Mac loan limits
  • Need financing for a jumbo primary residence home up to $1.5 Million
  • Have a strong credit history and a good credit score
  • Able to provide documentation of income, assets, and liabilities
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