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Updated almost 8 years ago,
Denver Lenders - Piggyback Loan?
My wife and I are looking to buy our first home (duplex) and start house hacking in the Denver metro area. We have outstanding credit, no debt, and a good bit of savings. We've been approved for a conventional 30 yr 80/20 loan but we would prefer an 80/15/5 so we don't have to use up all of our cash on the down payment and we'd like to avoid PMI. Are these types of piggyback loans still available? If so, how do we go about finding a lender that can provide one? Our potential lender seems to be pretty fixated on a traditional 80/20.