Jumbo Loan
NMLS# 2015138
Fort Collins, CO Loan Originator
Whether or not a jumbo loan has private mortgage insurance (PMI) depends on the loan-to-value (LTV) ratio. Generally speaking, most jumbo products do not require PMI for LTVs below 80%.
Because jumbo loans are mortgage amounts above the conforming limit, the interest rate is typically higher. However, your interest rate depends on many factors, so it’s important to talk to a loan officer about your unique situation and options.
Jumbo loans are loans above the conforming loan limit. Wondering what the loan limit in your area is? Have a conversation with a loan officer about the limits in your county.