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Updated about 3 years ago,

User Stats

46
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52
Votes
Sarp Ka
52
Votes |
46
Posts

How to avoid PMI with 10% downpayment?

Sarp Ka
Posted

Hello I've been reading that you can get a second loan providing that 10%, so that on the title it shows as I paid 20% downpayment hence it's not bound to PMI.

I'm wondering which lenders do that? Do I have to get 2 separate lenders and ask them to do the 10%? Do all lenders agree to be on the side that's providing 80% loan; and the same goes for lenders who want to be on the 10% side?

Thanks

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