80/15/5 (95% Cltv) loan programs are back!
Example: 400,000 purchase price
80% ltv 1st mtg.= $320,000
15% ltv 2nd mtg.= $60,000
5% down payment= $20,000
Avoids Monthly PMI payment
Very strong financing program for multiple reasons
Example: 400,000 purchase price
80% ltv 1st mtg.= $320,000
15% ltv 2nd mtg.= $60,000
5% down payment= $20,000
Avoids Monthly PMI payment
Very strong financing program for multiple reasons