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 for Jumbo and Conforming Loan amounts.
Starr Mortgage Company structures 5% down payment loans with no PMI for Jumbo and Conforming Loan amounts.
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.
Alternatively, you can email jstarr@starrfinancialgroup.com
Starr Mortgage Company, Inc
NMLS # 17787
Established in 2004, Starr Mortgage Company, Inc has quickly become a benchmark in the residential and commercial mortgage industry. Our headquarters is located in Nyack, New York, in the historic Hudson Valley Region, however, our area of influence and expertise goes well beyond Rockland, Bergen, and Westchester Counties. We arrange loans (for all property types) throughout all 5 boroughs of New York City as well as Nassau and Suffolk Counties on Long Island. Our license also extends to both New Jersey and Florida.
