• Ability to get a jumbo construction or purchase loan, without paying jumbo rates
• Avoid Private Mortgage Insurance
• Save money on title and closing costs
• Buy down rate on first mortgage
• Can apply to any construction, minimizing down payment
• Can be combined with a Bridge Loan with virtually no money down

• Maximum loan amount to FNMA/FHLMC maximum loan limits on first mortgage
• Construction period of 9 or 12 months
• Amortization of 30 years on both loans
• Also known as 80-10-10, 75-20-5, or 80-20 loan

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