Purchase a home with as little as 10.1% down and enjoy lower monthly costs. The 80-10-10 Combination Loan consists of a first mortgage from PNC for 80% of your home’s value, a PNC Bank home equity line of credit for 9.9% of the value, and a 10.1% cash down payment.
Key Features and Benefits
- For a 20% down payment, put down as little as 10.1% of the purchase price and finance the remaining 9.9% with a Home Equity Line of Credit
- Potentially lower your monthly payment by eliminating private mortgage insurance (PMI)
- Interest on both loans may be tax-deductible. Consult a tax advisor