Help With Mortgage Shopping

giacona

LoanSafe Member
May 18, 2009
37
0
6
I’m looking to purchase a home but I’m trying to avoid PMI but do not have 20% down. Is there anyway possible to do something like the old days where you could put 5% down and have two loans? I wanted to go conventional or FHA. The loan offices I’ve spoken to or telling me the only way to go is FHA with 3 1/2% down and have the PMI.
 

Erik Sandstrom

Mortgage Expert - Call 1-619-379-8999
Staff member
Loan Safe Mortgage
Jan 14, 2011
2,101
181
63
San Diego, California
www.loansreduced.com
Hi Giacona,
We have a loan product where we can do an 80% first and a 15% second lien, there are parameters required to meet this type of financing. Feel free to shoot me an e-mail at: [email protected] and I can let you know what those details are.