First mortgage 80% + HELOC/second 10% + 10% down = no PMI + stay under jumbo cap.
The 80/10/10 (or 80/15/5) piggyback splits financing across a first mortgage at 80% LTV (no PMI required) and a simultaneous second lien (HELOC or fixed second) at 10–15%, with the buyer putting 5–10% down. Two wins: eliminates PMI on the first loan AND keeps loan #1 under the conforming/jumbo threshold for better pricing. HELOC second can be paid down aggressively without prepay penalty.
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Eligible veterans buy with $0 down, no PMI, and assumable rates.
0% down in USDA-eligible areas — includes many suburban zip codes.
Neighborhood Assistance Corp of America — below-market rate, zero down.
Fannie / Freddie low-income programs — 3% down + reduced PMI.
1.25–2.25% down for enrolled tribal members — nationwide.
State / county / employer DPA — $5K–$50K forgivable or 0% deferred 2nd.
$100 total down on FHA-repossessed homes for owner-occupants.
3.5% down + rehab budget rolled into one loan — buy distressed properties.