A Great Jumbo Loan with 15% Down

One of our lenders recently started offering a great jumbo loan up to $1 million with just 15% down and NO PMI at a great rate! The rate currently is 3.125% on a 30 year fixed rate loan with NO PMI!

Borrowers do need to have a 760 Fico, 12 months of payment reserves left over after closing, and max debt to income ratio above 80% LTV is 36% which is common in the jumbo world. Surprisingly this lender allows us to lend on properties up to 40 acres in size, which is rare in the jumbo loan world. Finally, business funds can be used towards the down payment and reserves, which is rare in the jumbo loan world.