<prompt> Human: My wife and I are buying a house with a value of about 800,000 but are only able to put down a little over 80,000 at this time. My income is 360kyr and we feel confident that we can afford this comfortably even if it isnt ideal. The conventional loan limit for our area is currently 679,650. I have a few lenders talking to me. Some are floating the idea of a piggyback mortgage that I could pay off pretty quickly afterward but a Wells Fargo mortgage banker is offering a 30 year Fixed Rate Jumbo Loan for the entire amount with no PMI included. Is this legit? I was under the impression that I would have to pay PMI if putting down less than 20 but he insists that we would not have to. He is also offering 10k toward closing which would be very good for us.x200B;x200B;  <response>: put down a little over 80,000 at this time. My income is 360kyrWait six months and save up another 80k. 