We work with a lender that goes to 90% on Jumbo loans and the rates are still great. There is no MI required, either. Let me know if you need help and I will get you with one our best loan officers.
Your loan officer can gather information as far as new comps and other factors that you believe make your appraised value higher. Then, he or she can submit that information to the lender.
Short answer is no. Barb's explanation is pretty much dead on.
That is a multi faceted multi tiered question. Better spoken about over the phone.
That all depends on how the deal was negotiated. They dont have to pay a dime if it was not negotiated before hand.
Yes, we do VA loans in Yorkville. Give me a call I would love to help get your loan done.
I would try and 1.... get that loan closed ASAP. Or 2, find a different loan option. (FHA, etc.)
Possibly. And I stress that word. FHA does not like to give folks 2 FHA loans at the same time. There are always other ways to get that done besides FHA, however.
Tony is correct. You can do lender paid MI. That is essentially the rate will be a little higher and there will be no monthly MI.
I agree. You can always just google some local mortgage brokers or lenders and get a quote from them. Good luck!