I am excited to announce a new product for Sierra Pacific Mortgage. We can now offer your clients a Jumbo 90% LTV – NO Mortgage Insurance up to a loan amount of $1,500,000 on a Primary Residence, 1 unit. That’s right, just 10% down on a Jumbo product and NO MI – yippee! Still very aggressive pricing. This product is available as of Tuesday, July 14, 2015. So if you have clients looking in a higher price range, but do not want to put as much money – keep it in the bank – and still not have to pay MI. This is the product for them!!! They just have to show reserves.
As always, if you or any of your clients need mortgage advise, I am here to provide answers and assist your clients with loans.