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.
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Our Program Highlights
Perfect for buyers who want to avoid jumbo loans or private mortgage insurance with a second mortgage option.
- Loan Amounts: $200K up to $1.5M
- Geography: Nationwide in ALL 50 States
- Property Types: Residential, Commercial
- Occupancy: Primary Residence, Second Home, Investment
- Loan Structure: 30-Year Fixed Rate Mortgage Loans + Home Equity Line of Credit (HELOC)
- LTVs: Up to 95% (Acquisitions/Rate-Term Refi), up to 100% (Cash-Out)
- DTI: 45%
- Credit Score: 620+
- Reserves: Not Required
Do You Qualify for this Loan?
Here is what you need in order to qualify for this product. Even if you don’t meet all of these criteria, don’t hesitate to reach out to see how we can help.
You’ll need a 620 score or better to qualify, with flexibility for strong financials.
Down payments start at 5%, depending on credit and loan amount.
You’ll need around 1-3% of the amount you’re financing for closing costs.
Less than 45% of your income should be going to pay debt.
Frequently Asked
Questions
Answers to questions about this loan we heard
from people like you during research.
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.
All 50 States, Covered.
Our loan officers are licensed in all 50 states, so no matter where you are - we have you covered.
See Our Recent Fundings
We’ve helped hundreds of clients get the funding they need to purchase their next property. You could be next.
Featured Blogs
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