piggyback options still available?

Profile picture for brosher
Are any lenders still offering these?  I would like to do a first mortgage for $417k and then a second for the balance of my loan.  Houses we are considering are valued $450-$520k.  We can put 5-10% down payment, 760+ scores, good income and debt ratio.
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February 20 - New York
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Profile picture for Steve Greene

"Piggybacks" are rare, indeed.  But I can assure you that they are available in the Washington, DC Metro area. 

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February 20
Profile picture for shapiroamg
Piggyback loans are hard to find. With 5% to 10% down you should look at options with PMI and with Lender Paid PMI.  LPMI will incorporate the PMI into the rate so you will not have a monthly PMI payment. The payment should come out better than paying the mortgage with a pmi payment.

Being in NY, you should call Chris:

http://www.zillow.com/profile/Chris-Corica/
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February 20
 

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