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Are there any lenders in Phoenix AZ doing 80/10/10 loans for a primary residence purchase (conventional - not jumbo)?

by jpwhite from Phoenix, Arizona. May 2nd 2013 Reply


Steven Ceceri (123LoanYes)
#12 ranked lender in Rhode Island - 723 contributions

You can eliminate having to pay mortgage insurance with a Lender Paid Mortgage Insurance Product with as little as 3% down. If you would like more details, please send me an offline email. Thank you!

May 2nd 2013
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Joe Metzler (JoeMetzler)
#17 ranked lender in Minnesota - 4,848 contributions

Sure... You can still find that product in the market today... But it has fallen out of grace for other products. For example, for just here in MN, I can offer a 3% down loan with NO PMI. You'd likely even to be better off is a 95% one loan with single premium PMI... Sounds complicated, but it is super easy, and we do them all the time. Talk to a local mortgage broker for more details and options on your personal situation. www.MinnesotaBestRates.com

May 3rd 2013
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Pete Bass (PeteBass)
#30 ranked lender in Connecticut - 476 contributions

Look at Finding a lender that offers 97% loan to value financing with Lender paid Mortgage Insurance- that will be your best bet-Pete

May 2nd 2013
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Eric Blossman NMLS 211144 (eblossman)
#113 ranked lender in Texas - 63 contributions

Yes, the lender paid mortgage insurance is really strong right now. As your local lender about it.Good luck!

May 2nd 2013
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David Kester (davidkester)
#77 ranked lender in Arizona - 23 contributions

Yes, an 80/10/10 is possilbe. Call me to see if you quailfly David Kester 602-628-6500 Sr. Mortgage Consultant

May 2nd 2013
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James Mazzola (Mazzola)
#109 ranked lender in New Jersey - 314 contributions

I can offer Lender Paid Mortgage Insurance. It will add about 3/8 to 1/2 a point to the rate:To better help you, I would like to see your financial situation.Please send me the following information for all borrowers:1. 1 Month of current pay stub's2. 2 Year W-2 Income Statements3. 2 Year 1040 Federal Tax Returns4. 2 Year Business Tax Returns (If a business)5. 3 Months of current Bank Statements6. Copy of Drivers Licenses Please forward them to:James Mazzola8 Matthew AvenueKendall Park, NJ 08824jmazzola@sunnm.com or cornoil@comcast.netIf you have any questions, please do not hesitate to contact me:(O) 973-805-4107(C) 732-501-4249(F) 732-951-0629Thank you,James Mazzola

May 2nd 2013
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Dave Metsker (DaveMetsker)
#35 ranked lender in Oregon - 2,318 contributions

A better choice may be 10% down, with 90% loan, with PMI.

May 2nd 2013
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