This is the typical 10% down loan with PMI (mortgage insurance) offered by Countrywide, Wells Fargo, Washington Mutual, etc.  As a Mortgage Broker,  I try to avoid PMI when possible.  To do so we can do a 80/10 or even an 80/20 to avoid PMI.   100% loans or an 80/20 mortgages have higher rates than 5% down loans.  

 If you’d like to get pre-qualified or if you have other mortgage questions,  please email jon@mylendingplace.com.   Or if you just want to review your credit report before you buy.     512.996.8194 | Cell is 512.577.2958

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