Piggy Back loans in Arizona

There is no such product any more.. Because of the volatile property valuations here in AZ, there aren't any lenders out there willing to expose themselves like that... however if your concerned about mortgage insurance, then there are other alternatives. If you are a Military Veteran, and qualify for VA benefits, you can use VA financing and avoid MI.. There are also lender paid options where you pay a little higher rate, but no MI.. or single premium MI, where you pay a onetime fee upfront and no monthly MI.. FHA allows for 3.5% down, but you will pay MI and an upfront premium.. if you would like to discuss this, feel free to call me in the morning.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

Hello,It sounds like your trying to avoid Mortgage Insurance. With 5% down depending on your credit score the MI factor could be as low as .67% which is much lower than a FHA 3.5% down. If your trying to avovid mouthly mortgage insurance, you can do a single paid upfront mortgage insurance.Call me at 602-628-6500 and I can give you more information and close your loan fast.David Kester Academy Mortgage

Depending on your credit, reserves, and Debt to Income (DTI), we have a similar program. It is a conventional loan with a 95% Loan to Value but it required private mortgage insurance either single pay or monthly pay.Call me at 623-340-0934 and we can discusss or you can email me and we will set up and appointment.Korene Clopine-SeamanOpen Mortgage, LLCNMLS 218520Sun CIty, AZ 853516233400934