Are you looking for a Jumbo Mortgage but don’t want to pay mortgage insurance? You aren’t the only one! Because of that, On Q has expanded its JUMBO Product line once more. Now we are fully equipped with our newest product that includes a “NO MI” financing option.
Here are some product highlights:
- Up to 85% LTV
- Up to 1.5 million loan amounts available
- 740 minimum FICO required if > 80% LTV
- Maximum DTI is 43%
- Purchase or Rate/Term transactions
- Available for Primary Residences only
The good news is mortgage insurance is not required, regardless of LTV. This is even more of a reason to take advantage of On Q’s Jumbo Product Line. Please reach out to me today to see what other Jumbo Products we can offer you here at On Q or apply online today! If you have large financing needs, On Q is the place to find it.