09/28/2026
You don't need 20% down to avoid PMI. 👀
Most buyers are told it's either put 20% down or pay mortgage insurance every month. There's a third option.
It's called a piggyback loan. Instead of one mortgage, you get two:
• A first mortgage for 80% of the price
• A smaller second mortgage for part of the rest
• Your down payment covers the remainder
Because the first mortgage stays at 80%, there's no PMI on it.
It's not for everyone. Credit score and the second loan's rate matter, so it's worth running the numbers both ways before you decide.
Want to see how it compares for you? Send me a message.
Mario Ralat | NMLS #2381314
Nexa Lending LLC | NMLS #1660690 | Equal Housing Opportunity
Not a commitment to lend. Subject to credit approval.
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