Maybe a much cheaper house is a better idea...

[ScrimpAndSave]

It's really an 80/10/10 mortgage - right? Because I would be putting 10% down...

...isn't an 80/20 mortgage a "no money down" mortgage?

Maybe I am wrong?

[jIM_Ohio]

80-20 would be 20% down, 80% financed
80-10-10 would be 10% down, 80% financed first, 10% financed second

80-10-10 would be tough to do in this credit environment, but more than likely can be done with a high credit score and motivated lendor.

[momof1in150]

80-20 would be 20% down, 80% financed
80-10-10 would be 10% down, 80% financed first, 10% financed second

80-10-10 would be tough to do in this credit environment, but more than likely can be done with a high credit score and motivated lendor.

An 80/20 loan is 2 loans, zero down. They don't exist anymore.