Are there still 80/15/5 loans in 2015?
Here in Jersey most nice homes in good neighborhoods start around $400k. Money is just so cheap right now and the market is treating me so well I'd rather not dump all my cash into a down payment. $20k down on a nice house and $2700 a month with taxes is no problem, we currently rent for $2400 and this move would be reducing commuter costs by about $300 a month. So I'm wondering if a first time home buyer, with excellent credit, almost no debt and a household income between $120-$140k could get an 80/15/5 or am I stuck with the 80/10/10?