Combination Loan

We’re making it easier to purchase your new home with a combination loan!

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Overview of Combination Loans

This fixed-rate mortgage allows you to purchase a home with as little as 10% down without the need for mortgage insurance. This combination loan splits your loan into two mortgages: a first mortgage that would finance up to 80% of your purchase and a 2nd mortgage that would finance the remaining portion for total financing up to 90% of your new purchase.

Combination Loan Key Takeaways

Blending financial solutions, providing a tailored approach to meet specific borrowing needs and optimize financing structures for your unique circumstances.

A Perfect Blend

This hybrid loan divides financing into two mortgages: a regular mortgage, and a second loan that covers part of your 20% down payment.

Save Money

Pay less money out of pocket towards your down payment, plus save money with no private mortgage insurance (PMI).

Purchasing Power

Utilizing this combination loan provides a comprehensive financial solution that covers up to 90% of your exciting new home purchase.

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Find a Mortgage Loan Officer

Our expert loan officers are here to help you navigate the mortgage process with confidence. Get answers and personalized guidance to pave your path to homeownership today!



Where can I see current mortgage rates?

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Connect with a local mortgage loan officer to learn more about our competitive rates. 

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Ready to Take the Next Step?

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For example purposes, a home worth $625,000 obtaining a 30 year fixed-rate first mortgage at 80% LTV with a note rate of 8.625% and an APR of 8.653% APR would have a monthly Principal and Interest payment of $3,888.94. And obtaining a 15 year fixed-rate second mortgage on the remaining balance of $62,500 with 10% down at a note rate of 9.625 and an APR of 9.988% would have a monthly Principal and Interest payment of $657.36.