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80/10/10 Piggyback Loan Program

Piggyback Loan Program

Piggyback Loan Program is a Special Program to Eliminates Private Mortgage Insurance

Main office in New York – Loan Programs are available in New York, New Jersey, and Florida

Starr Mortgage Company structures 10% down payment loans with no PMI.

Traditionally loans with a 90% loan-to-value or higher are required to have Private Mortgage Insurance (PMI) to insure the loan against default. This can be a significant expense to the borrower.

Starr Mortgage Company has the ability to structure a purchase or refinance transaction which includes an 80% first mortgage, a 2nd (piggyback) loan of 10% and a 10% down payment from the borrow. With this type of structure, the need for PMI is eliminated, and the borrower experiences a significant savings.

To Contact Us:

80/10/10 “piggyback” Piggyback Loan Program, borrowers should call our seasoned loan team at 845-348-3172 and speak to us about how this type of transaction can benefit them.

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