What is a list of US piggyback second mortgage lenders ?
A list of piggyback second mortgage lenders in the USA refers to a catalog of financial institutions that offer what are commonly known as 80-10-10 loans or piggyback mortgages.
The list provides with lenders that offer this setup, where a borrower takes out a first mortgage covering around 80% of the home’s value and a second mortgage (the piggyback loan) covering 10–20%, with the borrower providing the rest as a down payment
In the USA, the list for piggyback mortgage lenders propose companies that offer a structure that allows buyers to avoid paying private mortgage insurance (PMI) and sometimes to finance a larger portion of the purchase with more flexible terms.
The main advantage of piggyback second mortgage lenders in the USA is that they give homebuyers a way to avoid paying private mortgage insurance (PMI) without having to save for a full 20% down payment.
Normally, when a buyer puts down less than 20% on a conventional loan, the lender requires PMI to protect against default risk
List of the top piggyback second mortgage lenders in the USA
Here’s a curated list of 10 prominent U.S. lenders offering piggyback (80-10-10) second mortgage or combination loan options—allowing borrowers to make a lower down payment while avoiding private mortgage insurance (PMI):
Top 10 Piggyback Second Mortgage Lenders
- Chevron Federal Credit Union – 80-10-10 Mortgage
Provides a structured 80/10/10 mortgage option for borrowers lacking a full 20% down payment, helping them avoid PMI.
chevronfcu.org - FirstFL Financial – 80-10-10 Piggyback Second Mortgage
Offers a dedicated piggyback second mortgage product, ideal for financing with only 10% down while avoiding PMI and jumbo qualifications. - LBC Mortgage – 80-10-10 Piggyback Mortgage Loans
Educates buyers on the piggyback structure; guides them in using a second mortgage to reduce upfront costs.
LBC Mortgage - PNC Bank – Combination Loan (80-10-10)
Combines a primary mortgage covering 80% and a second mortgage or HELOC covering about 10%, allowing home purchase with just 10.1% down.
PNC Bank - Alpine Mortgage Services – Piggyback Mortgages
Offers piggyback mortgage solutions to help avoid PMI and navigate jumbo loan constraints. - NerdWallet (via Lender Partners)
Provides a range of lenders through its platform offering piggyback loan structures, making it easier to shop for such programs.
NerdWallet - Mortgage Brokers & Specialty Lenders
Many mortgage brokers provide access to private and regional lenders offering 80-10-10 options, even if not branded as such publicly. - Peer Platforms & Non-Bank Lenders
Some non-bank and fintech lenders syndicate both first and second liens in a piggyback arrangement. Availability varies by region and platform. - Local Credit Unions & Community Banks
Certain local institutions may allow piggyback loans or informal second lien structures to help borrowers avoid PMI—especially in high-cost markets. - State & Housing Finance Agency Programs
In some states, official housing agencies offer down-payment assistance as second liens, often structured like piggyback loans but with favorable or forgivable terms.