Are you still able to take out 2nd PMI loan to avoid fees?Working on the details of a new construction home right now and while we haven't met with any lenders yet, the sales person at the builder told us that lenders are no longer doing the piggyback PMI loans. We have a decent amount of equity in our current house but not enough to avoid PMI. We currently have a 2nd loan to avoid paying PMI. Are lenders still doing this, or is the building blowing smoke because their "family owned" lender that they recommend doesn't do it? Thanks!October 29 2009 - Pittsburgh00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.