Financing in 84070>Question Details

Riveroaks, Home Buyer in 84070

Are 80 10 10 loans available in the state of utah?

Asked by Riveroaks, 84070 Mon Mar 15, 2010

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I haven't seen a 2nd in over a year now. I just called a couple of reputable lenders I've worked with and they havent seen them either. Nobody is willing to take the risk in the current market. You'll need PMI.
1 vote Thank Flag Link Mon Mar 15, 2010
there are certain many different No Money Down Type loans out there. I have not seen an 80 10 10 for a long time. However I have several good mortgage sources and I could check out.
0 votes Thank Flag Link Tue Jun 24, 2014
Hi Riveroaks,

I've been able to source 2nd mortgages for buyers in Colorado and Georgia so I would imagine in can be done in Utah as well.
0 votes Thank Flag Link Tue Mar 16, 2010
Currently there are few options:

90% loan with PMI with FICO score limitations
FHA loan - 3.5% down and 620 FICO score
80% First and 10% seller carry back for an 80/10/10

Good Luck
0 votes Thank Flag Link Mon Mar 15, 2010
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