80/20 Programs
- No down payment required (0% down)
- Great for borrowers with fair to great credit and limited funds for down payment
- No mortgage insurance
- Combines two mortgages (80% conventional first mortgage and a 20% second mortgage)
- Interest only programs available
- Adjustable rates available
- Stated income programs available for self employed borrowers
- Competitive rates
- Programs available for all credit types
An 80/20 program consists of combining two loans together to achieve 100% financing. With an 80/20 program you will have the combination of an 80% first mortgage and 20% second mortgage to achieve 100% financing on new home purchases. With no down payment required, these programs are great for those customers who have limited funds available and don't mind paying a slightly higher interest rate. There are 80/20 programs available for customers with all credit types.
* Approvals are not guaranteed. All programs are subject to terms and conditions as well as underwriting approval and review. All programs are subject to change without notice.
