The problem is that 90% jumbo loans with PMI just don’t exist anymore, period. We haven’t even gotten far enough to disclose any of that information (sorry to burst your bubble DWACP). Nobody is carrying those mortgage products right now…which was exactly the issue I outlined in my OP.
If that’s true then North County is in trouble. ncounty4 sounds like a very high quality borrower and if they can’t get a loan then not many people will be able to. It will just be the move-up (or move-down) crowd buying. I’ll say it again ncounty4, renting for the next year or two may be the best option for your family. Good luck to you!