80-10-10
Purchase Money Second in Maryland
Guidelines Are Constantly Changing
For Help With A 80 10 10 Purchase in MD
Please Click To Our New & Improved Home Page!  

Please Click To Our New And Improved Home Page!
Thanks!

 

Loan Program Guidelines Are Subject To Change!!  

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On Line Pre-Qualification
Please call me for availability



 
 
 
 

Purchase Money Second Mortgages

in Maryland
80-10-10   or   80-15-5
(NEW - ask about our One Loan option that 
does NOT require Mortgage Insurance!)

What is an 80-10-10 loan?

  • It is a 10% down purchase money loan program, where there are two separate mortgage loans. 
  • The First Mortgage is for 80% of the sale price.
  • The second mortgage is for 10% of the sale price.
80-10-10 loan in Maryland - This option avoids M.I. (Mortgage Insurance, which is not deductible, while in most cases mortgage interest is) , and usually builds equity faster than a standard 30 year fixed.

Here's an Standard 10% Down compared to a 80-10-10 example:

RATES SHOWN ARE FOR EXAMPLE ONLY! 

PLEASE CALL FOR CURRENT MARYLAND RATES.

In this example, both First Mortgages are 30 year fixed,
and the Second Mortgage is a 15 year fixed. 
M.I. monthly premium is based on middle credit score, may vary,
your monthly premium may be more or less than amount shown. 

*     The A.P.R. on the first example is increased by the M.I. and is 6.197%, the M.I. is NOT required for the life of the loan, click to learn more about M.I.

**  The A.P.R. on the second example is 1st  5.882% and 2nd 6.82% 

As you can see, this is a very attractive option
that deserves a second look!

We also offer a 0%, 5%, 10% or 15% down no M.I.loan,
With rates just slightly above Fannie Mae!
Please call and ask about this NEW program today!

Please call for additional information... 

80 10 10 loan is availabe in Maryland, MD.
not in Maryland? www.LowRateMortgages.com

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If you are outside of Maryland,
please click here, select your state and 
check with the lenders licensed in your state.