Home Buying in Alpharetta>Question Details

TJR, Home Buyer in Alpharetta, GA

80/10/10 Mortgage Availability?

Asked by TJR, Alpharetta, GA Sun May 19, 2013

I am starting the process of determing a budget for an upcoming home purchase, and am wondering if 80/10/10 mortgage's are becoming more available, and if anyone has recent experience with that type of mortgage in the total house value range of $500K.

Help the community by answering this question:


We can offer 80-10-10 financing (10% down Jumbo)....

We can do both the 1st and 2nd (80-10-10) in these footprint states: AL, DE, GA, IL, IN, KY, MD, MO, NC, NJ, NY (select counties), OH, PA, SC, TN (select counties), VA, DC, WI, WV

Other states available, with established deposit relationship.

Joe Romano
NMLS# 576293
0 votes Thank Flag Link Wed Apr 23, 2014

There are a couple of options for buying above the conforming limit and putting 10% down. The 80/10/10 is still available as is a single loan for 90% with no mortgage insurance. Either one will enable you to keep your cash in the market or use it for home improvements after purchase.

I would be happy to discuss options and rates at your convenience.

Timothy Brown | LPO Manager
EVOLVE bank & trust
11605 Haynes Bridge Road Suite 125
Alpharetta, GA 30009
o. 770.255.3880 | f. 678.935.1156 | m. 678.467.9959
NMLS#: 168281
0 votes Thank Flag Link Tue Aug 6, 2013

My company offers great loan programs for this price range. We have 95% financing available up to a $570k purchase price and 90% financing up to $2 million with no MI on either product. Credit requirements are very flexible. I'd be more than happy to discuss your options with you.


Chris Irvin
Mortgage Banker
Brand Mortgage
NMLS #75615/465546
0 votes Thank Flag Link Mon May 20, 2013

Try these two lenders - they are both excellent:

American Bank Mortgage Group
Jason Young
Branch Manager
678) 608-2944
5775 Peachtree Dunwoody Rd
Bldg C, Suite 175
Atlanta, GA 30342

Heritage Bank Mortgage
Mark Milam
Production Manager
(404) 395-1102
3333 Peachtree Rd, Ste M-10
Atlanta, GA 30326

I also have a source for a 95% to $570K w a 660 FICO or above.

If you can get the ideal mortgage, I would love to help you with the entire process to acquire or build the ideal home. I offer a range of specialized brokerage and client services you will find nowhere else.

Reach out to me if you have any questions or need more pointed help.


Robert Whitfield
Professional Buyers Broker
New Home Construction Expert
ICC Code Certified Building Inspector
Advantage Realtors
Corporate Relocations | New Construction | Luxury & Investment Properties
0 votes Thank Flag Link Mon May 20, 2013
I will get the details for you in the morning and get back to you if you will e-mail me back with your contact info.bscyphrs@aol.com RE/Max Town & Country.
0 votes Thank Flag Link Sun May 19, 2013
Yes, there are some 10% down options for purchasing a home where the mortgage will exceed the confirming loan limit of $417,000.

Of course, higher credit score requirements will apply for 2nd mortgages.

Working with a knowledgeable and seasoned loan officer is critical in today's market. Getting Pre-Qualified is the only way for you to find out your options. To get Pre-Qualified for your purchase, you can submit your request online at http://www.rodneymason.com.

Rodney Mason, NMLS #151088
Sr Loan Officer
Prospect Mortgage
825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
Apply Online at http://www.rodneymason.com
Licensed in Alabama & Georgia with over a decade of mortgage lending experience.

Prospect Mortgage offers a full selection of mortgage programs including:
Conventional | FHA | FHA 580-639 FICO | FHA 203K Renovation (Streamline & Consultant) | HomePath® | HomePath® Renovation | HomeStyle® Renovation | VA | USDA | GA Dream | Jumbo Financing.
0 votes Thank Flag Link Sun May 19, 2013
I have a couple of excellent loan officers I refer to my clients. I would be happy to provide you with their contact information. I can be reached by phone or email. My contact information is below. I look forward to hearing from you.

Angela Furcron, RRALTOR
"2012 Top Producing Agent"
Better and Homes & Gardens Real Estate Metrobrokers
Office: 404-843-2500
Direct: 678-731-8421
0 votes Thank Flag Link Sun May 19, 2013
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