10 down payment no pmi

Wells Fargo offering no PMI mortgage with just 10% down?!?! Asked by Kapils23, Thu Apr 18, 2013. Hi- I have recently started talking to Wells Fargo re: a mortgage loan and nearly fell out of my seat when they offered me a loan with 10% down, no PMI and interest rates that are in line with what other financial institutions have offered me.

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FHA Loan: 500-579 credit score (10% down payment). loans, PMI cancels once the LTV reaches 78%, and there is no up-front mortgage insurance fee. Zero Down Mortgage: No Money Down Home Loans in NJ – No, this program is for primary residences only. On second homes, you need only put down 10 percent to obtain the no PMI feature.

Put 10% Down with No PMI by Using a Piggyback Loan A piggyback loan, or a 80/10/10 mortgage , allows you to finance 80% of a home through a mortgage. Then, you put down 10% in cash.

– Low Maintenance Solution No PMI with 10% down The "Low Maintenance" solution to mortgage planning. A lot of loan officers shy away from complex ways to truly give a client the benefit of better terms for the long haul. You’re able to put up just a 10% down payment and not have to pay PMI..

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First-Time Buyers: How Much Down Payment Do You Really Need These Days? – The Freddie Mac website calculates that if you buy a $200,000 home with 10 percent down with a 30-year fixed rate of 4.5 percent, you’ll pay $80.75 a month in PMI (at a rate of. be especially.

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Google+.. The adjustments occur at 10% down and again at 15% down. 15% down will give you the lowest cost of PMI given your property type, credit score and loan size. PMI: What private mortgage insurance Is And How To Avoid. – Here are a few ways to avoid private mortgage insurance: 1. Put 20 percent down. The higher the down payment, the better.

There were no-credit loans. a rock-bottom 3.5% down payment are available with FICO® Scores as low as 580, which is generally considered to be on the higher end of “poor” credit. And if a borrower. PMI with only 10% – san francisco-based lender sofi advertises home mortgages with a 10% down payment and no PMI – private mortgage insurance.