Finance
An 80/10/10 financing structure in New Hampshire means:
A80% LTV first mortgage, 10% second mortgage, 10% down payment✓ Correct
B80% seller financing, 10% bank, 10% down
C80% fixed, 10% ARM, 10% balloon
D80% conventional, 10% FHA, 10% VA
Explanation
An 80/10/10 'piggyback' loan structure uses a first mortgage at 80% LTV, a second mortgage or HELOC at 10% LTV, and a 10% down payment — allowing the buyer to avoid PMI by keeping the first mortgage at or below 80% LTV.
Related New Hampshire Finance Questions
- USDA Rural Development loans may be available to New Hampshire buyers purchasing in:
- Under RESPA, which of the following is an allowable marketing relationship between a title company and a real estate broker?
- A NH borrower with a 640 FICO score would most likely be steered toward which loan product?
- A VA loan benefit available to eligible veterans and service members includes:
- A NH homebuyer who is purchasing a property in a USDA-eligible rural area with no down payment should expect to pay:
- A NH buyer's mortgage note is a promise to repay, and the mortgage itself is a:
- A NH buyer's debt-to-income ratio of 50% would likely result in:
- New Hampshire's real estate transfer tax (RETT) is generally paid by:
Practice More New Hampshire Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free New Hampshire Quiz →