Piggyback loan

Piggyback loan is a financing option available to home buyers in the Philadelphia area. A piggy back loan is when two loans are taken simultaneously. Simultaneously closing both loans at the closing table. Below is additional Philadelphia Piggyback loan financing information for home buyers to consider.

Benefits of Piggyback Loan Financing

Can be used to avoid jumbo pricing or get into a property with only 10% down. (80-10-10) No MI. 80% 1st mortgage 10% 2nd mortgage 10% down NO MORTGAGE INSURANCE This is just one scenario. To work out a specific scenario with an experienced professional visit www.phillyfinance.com

Philadelphia Piggyback Loan Financing Requirements

Requirements differ from lender to lender. Contact an NMLS registered and licensed loan originator today at www.phillyfinance.com

Summary of Piggyback Loan Financing

Specific requirements of Piggyback loan financing can vary based on the lender, type of property, and your personal financial situation. Above are only general guidelines. For additional details on Philadelphia Piggyback loan financing or purchasing a property in the Philadelphia area, please contact Thomas Spitko at Centennial Lending Group, LLC by calling 484-824-4489 or emailing Tspitko@rhfunding.com.
Sponsored By: