Question:

80/20 Mortgage?

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Where can I find a bank that does 80/20 Mortgage?

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4 ANSWERS


  1. If you find one, let me know.  I'm putting up 20% down payments right now (could do 10% but with so many extra costs its not worth it).  I suspect you won't find any of these right now.


  2. Y you need 80/20. You can go FHA or stated 95 with 1 lone.

  3. Practically nowhere, anymore.

  4. They are gone.  You can now get a loan for 100% of the price but you will pay a separate fee for Mortgage Insurance.  This is not to cover the house for a fire or flood.  It is not insurance for if you die.  It is MI.   I've paid it.  It's not all bad.  It is cheaper if you put 3% down; even cheaper if you put 5%down, etc.   .
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