Are 80/10/10 loans still being offered? If so, who is offering them?

Yes, but why?? There are better products out there, and if the goal is to avoid mortgage insurance, then the 80/10/10 is a more expensive way of doing it.. First of all, There are programs out there which will allow you to pay a "one time, upfront MI Fee", and you wont have to pay monthly MI.. you can also accept a higher interest rate and have the lender pay your MI, but the best program is to just pay MI. With good credit, 90% LTV conforming loans have a very low MI rate, about $44 per month for every $100,000 financed. With MI, after you have paid for 2 years, if your equity position is greater than 20%, you can call your lender and ask to have the MI removed.. you will have to pay for an appraisal, but it's worth it to drop MI.. if you go 80/10/10, your going to pay a high rate on the 2nd and it would be near impossible to refinance it if rates ever go lower.. The main reason very few lenders are doing 80/10/10 is because it's an obsolete product. With low MI rates on 90% LTV loans, Upfront MI options, or Lender Paid options, its made the 80/10/10 unnecessary. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

Hello,Yes, 80/10/10 loans are being offered. C2 Financial Corporation, as a mortgage broker, has access to lenders who offer this product.Please feel free to contact me.Best regards,Elva A. WormleyMortgage ConsultantOffice (408) 615-8500C2 Financial Corporation2845 Moorpark Avenue, Suite 209San Jose, CA 95128NMLS #331981BRE #01274093

YES, We can do Fannie Mae and Freddie Mac with 10% down as long as the Seller carries the 2nd for 10%.80% loan. www.GreatAmericanFunding.comSteve At 805-374-6000

Yes the 80/10/10 is still available and Key bank will allow 80/15/5. Be sure you compare the cost of a split purchase loan to a single loan with PMI. You will usually find that the PMI loan is the less expensive loan over the life of the mortgage.

Yes, 80/10/10 is the way to go and are structured this way all the time. This loan is especially effective when the purchase price puts you out of the Conforming loan limits of $417,000. I just did a loan on a $695,000 purchase price, $417,000 1st mortgage, $200,000 2nd Home Equity Line Of Credit (HELOC). The beautiful thing about this (other than no mortgage insurance) is the ability to pay down the HELOC then borrow against it when funds are needed (stay liquid).For more info call me at (916) 223-1003 cell. I'm available anytime day or night.

Yes, but consider the other options offered.

Yes, you can still find this product on the market... The reason you don't see them advertised anymore is because the lending market finally wised up. There is little value in getting one for most people. Lenders realized you are still a 90% loan-to-value risk, no matter how you split it and have adjusted loan options to fit your risk level accordingly. With that said, the only real value in getting one (in my opinion) is when the numbers work out to your benefit when such an option allows you to get a conforming 1st mortgage versus a jumbo.