Sentences with phrase «piggyback loans allow»
The piggyback loan allows borrowers to take out a first loan for 80 percent of the cost of the home, along with a second (piggyback) loan for the remaining cost not covered in a home down payment.
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A piggyback loan allows homebuyers to receive two separate loans to cover the cost of the mortgage.
Not exact matches
Higher scores get access to a wide range of mortgage programs such as the HomeReady ™ mortgage which allows for a 3 % downpayment; and piggyback loans, which can help a homeowner avoid paying private mortgage insurance (PMI).