Piggyback Loans Made Simple
We help entrepreneurs and self-employed professionals from all walks of life secure the funding they need to grow and expand.
90 reviews on Trustpilot
More buying power, without PMI.
Perfect for buyers who want to use a second-mortgage option, like an 80/10/10 split, to avoid jumbo loans or private mortgage insurance.
Property Types
Residential & commercial
Occupancy
Primary, second home & investment
Reserves
None required
Avoid PMI & Jumbo Limits
Layer a second mortgage or HELOC on top of your first to keep more buying power.
Up to 100%
Combined loan-to-value
No mortgage insurance (PMI)
More Buying Power
Pair a first mortgage with a HELOC to reach up to 100% combined LTV and skip PMI.
NationwideAvailable Nationwide
Available in all 50 states.
Common-Sense Qualifying
Approval built around strong borrowers, not just a checklist.
From 5%
Down payment
45%
Max DTI
620+
Credit score
Do you qualify for this loan?
Here's what you need to qualify. Even if you don't meet every criterion, reach out. We'll help you find a path that works.
620+
Credit
You'll need a 620 score or better to qualify, with flexibility for strong financials.
From 5%
Down Payment
Down payments start at 5%, depending on your credit and loan amount.
1–3%
Closing Costs
Plan for roughly 1–3% of the amount you're financing to cover closing costs.
Under 45%
Debt
Less than 45% of your income should be going toward paying debt.
Piggyback Loans FAQs
Answers to the questions we hear most often about piggyback loans.
A piggyback loan is a type of loan that allows you to borrow against the equity in your home. It's also known as a "second mortgage" or a "home equity loan." With a piggyback loan, you borrow a certain amount of money up front and then take out a second mortgage for the remainder of the purchase price.
For a piggyback loan, you can get traditional preapproval or what is called "No doc" preapproval for those who are self-employed. Here is what is required for each:
For self-employed borrowers:
- Minimum of 12 months business or personal bank statements
- Minimum of 1 year of Profit and Loss Statement Balance
- Minimum of 1 year 1099
- 2 months personal asset statements
- Drivers license
- CPA letter to attest to your ownership
For traditional borrowers:
- 2 years W2
- 2 years personal & 2 business tax returns (If applicable)
- 30 days pay stubs
- 2 months personal asset statements
- Drivers license
We can help you even if you have a low or no FICO score and want to get more leverage than big banks can offer.
A piggyback loan uses a second mortgage to cover part of the home purchase, typically up to 20%, allowing you to avoid private mortgage insurance (PMI) or jumbo loan limits.
Piggyback loans can help you lower your down payment, avoid PMI, and get better loan terms by keeping your first mortgage under conventional loan limits.
Still have questions? Talk to a real person on our team.
Start My ApprovalRecent Fundings
We are committed to helping individuals and families achieve their homeownership goals.
View All
Project name:
Bank Statement
Location:
Key West, FL
Closing amount:
$3,500,000
Project name:
Bridge Loan
Location:
New York
Closing amount:
$3,000,000
Project name:
Bank Statement
Location:
Colorado
Closing amount:
$2,400,000
Project name:
Single Family Home
Location:
FL
Closing amount:
$2,200,000
Project name:
Bank Statement
Location:
Brigantine, NJ
Closing amount:
$2,135,000
Project name:
Bank Statement
Location:
Escondido, CA
Closing amount:
$2,000,000
Project name:
Bank Statement
Location:
Stratton, VT
Closing amount:
$1,904,000
Project name:
Bank Statement
Location:
Chatsworth, CA
Closing amount:
$1,800,000
Learn before you borrow
Guides and insights to help you qualify with confidence and pick the right program.
Ready to get started?
Talk to a real person from our team right now.