typical mortgage insurance rates for a jumbo loan??

Mortgage insurance is based on the factors of the loan, credit score and LTV are the main components. I work in La Palma, if you would like to give me a call I can give you better idea of your options. 714-367-5125 or find me on my page on lender411 - Chris

Only piece I would like to add is; We have loan programs available which will allow for a jumbo loan with NO MI. You could do 10% down on a purchase price up to $945,000 in California and get 1 loan with NO MI. When you have a chance call me at 949-478-FUND(3863) and lets talk about your scenario. www.ThinkJandJ.com John A Soricelli Jr.

In most cases, if you are getting a Jumbo Loan, you are typically at a 80% or less loan to value, unless you are using FHA, VA, etc. If you are over 80%, then MI is based on Credit Score and DTI as well in many cases. Check with your mortgage professional for options as you may be able to Piggy Back a 1st Lien under 80% LTV with a Home Equity Line of Credit to get a higher LTV and/or to avoid MI! Good Luck!

Mortgage insurance on conventional/jumbo loans depends on many factors, but mainly down payment size, and credit scores. Someone with low scores pays more than someone with great scores. Someone with 5% down payment down payment more than someone with 15% down. There are also programs which APPEAR to not have mortgage insurance, but it really is simply being paid with more upfront money or a higher interest rate.

Down payment and credit score will be some of the most important factors in determining how much you will have to pay in MI.

If you increase the down payment in 5% increments, the MI will decrease.