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I am moving to the Milwaukee area in a few months. I am looking for a 90% jumbo loan. Where are these available and what are the ballpark rates? Is PMI required?

by Milwaukee Buyer from Irving, Texas. Feb 15th 2014 Reply


Michelle Curtis Loan Originator NMLS 401173 (MichelleCurtisLO)
#77 ranked lender in Florida - 2,245 contributions

Check with a local mortage broker

Feb 15th 2014
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Greg Mitchell (GregMitchell)
#105 ranked lender in Illinois - 17 contributions

You can and you can do it in two ways, either one loan or a first and a 2nd, depending on your purchase price will help dictate which option you choose. Please shoot me an email with the estimated purchase price and your estimated credit score and I can get you a quote. Greg

Feb 15th 2014
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Sean Young (SeanYoung)
#1 ranked lender in Colorado - 1,112 contributions

They are out there, but your credit score will need to be above 740,most likely need 6 months of reserves and it will depend on the actual loan amount. If you qualify you will either be able to do a 1st to 90% or will need to do a 1st/2nd combo to 90%. I would check with a local loan officer in the area you are buying and if they can't do it they should be able to refer to a local entity that can.

Feb 17th 2014
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