Mike,
Yes there is a lender that goes to 85% on a purchase in NY.

Mike,

We have a product that will go to 90% LTV in New York without PMI. If you would like to provide the details of your scenario on- or off-line, I will be happy to get you rate/cost information and explain more about how this works.

Best regards,

Rob Spinosa
rspinosa@mortgagemasterinc.com

Why not visit any qualified loan officer if you haven't already-- see what your budget can handle; also why not look at other price ranges and maybe then you can do 20%.

Anna

Hi Mike, the only way to dodge the PMI is to possibly find a lender who will hold a second mortgage for the 5% but they are tough to find these days. One other option may be to have lender paid mortgage insurance which will be handled thru a slightly higher rate but will yield a lower payment than a base rate + traditional mortgage insurance. Please advise if you have any questions,