Help with a Jumbo Loan in Wisconsin

Hi,I work for Johnson Bank and we do construction loans up to 95% LTV. The best part about our construction loans is that we will convert the construction into a 30 year fixed rate without a second closing. That means only one set of closing costs. You are also able to pay down your loan amount at the time of conversion to avoid Private Mortgage Insurance. Every 5% you can put down the cheaper your monthly PMI payment will be. If you can save the 20% down during the construction process you won't have to pay PMI at all. Johnson Bank has great rates and low closing costs. We do a lot of construction loans. I can be reached at 920-225-5534. Yvette Jenkins, Sr. Mortgage Loan Officer. NMLS id 455918

We offer a wide variety of end out products for jumbo. A few have no PMI! Contact me for more info- dbinder@ccmclending.com

I have a 90% jumbo loan with no pmi and no escrow required for an end out loan but i do not have an option for the construction loan myself but i can recommend a place for that.

Hi mbaron,I can help you out with both the construction loan as well as the end loan. Shoot me an email or call me tomorrow morning so we can review your options.

Try calling your local community bank- they often times have a portfolio productfor a construction to Perm. financing which is all rolled into 1 loan. Typically theconstruction phase is an interest only payment ,Once the home is completed witha CO, the loan rolls into a end loan of your choice-

Contact one of the fine forum members on this thread.

You should be able to find what you wish... but you will pay a price for 90%. As you have time, try to get to 80%. Good luck