80/10/10 Mortgage Loan

How You Can Benefit from an 80/10/10 Mortgage

Put 10% Down

This hybrid loan, also known as a Piggyback Loan, offers flexible funding.


Avoid PMI

You don't need to pay costly private mortgage insurance needed for other loans.


80/10/10 Loan Details

An 80/10/10 mortgage is a flexible tool that lets you finance your home loan through three sources, so you can keep more of your cash for other purposes.Couple happy in their home

  • 80% comes from your first mortgage.
  • 10% comes from a second home equity mortgage.
  • 10% comes from a cash down payment, which is determined by the purchase home price.
  • No private mortgage insurance (PMI) is needed even if your down payment is under 20%.
  • You can choose a term of 10, 15, 20, or 30 years for your first mortgage.
  • Both first and second mortgages will be fixed-rate so your payments stay the same.
  • Local loan servicing means you'll always know who you're dealing with. Plus, we'll maintain your escrow account for taxes and insurance.

JHFCU 80/10/10 loans are available for primary residences in Maryland, Virginia, Washington DC, Delaware, and Pennsylvania.

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"The loan process was fast, easy and flawless."

– Marie C., Baltimore, MD

Features of Your 80/10/10 Mortgage


Get competitive home loan rates so your payments are affordable

Mortgage Calculator

Find out how much home you can afford.

Dedicated Service

Our experienced loan officers can guide you through the process.

Convenient Payments

Simply transfer funds from your JHFCU Checking or Savings.

Learn More About Applying for an 80/10/10 Loan!

80/10/10 Mortgage FAQs

  • What are the advantages of an 80/10/10 loan?

    One of the main benefits of an 80/10/10 mortgage is that you usually don't need to pay for private mortgage insurance, which can be expensive. With conventional home loans, you need to pay for PMI unless you have a 20% down payment. PMI doesn't protect you or your home, it protects your lender in case you default on your loan. 

    Another benefit of an 80/10/10 loan is it may free up your savings for something other than a down payment. You could invest the money, pay off debts, or even buy furniture for your new home. Overall, the 80/10/10 loan gives you more flexibility and allows you to save on PMI costs.

  • What mortgage rate will I get?
    The rate you get for your mortgage is based on your credit score and your loan-to-value (LTV) ratio; higher credit scores and lower LTVs get lower rates. The term you choose also impacts your rate; shorter terms get lower rates.
  • How can I pay my mortgage each month?

    There are many options for making a payment to your JHFCU 80/10/10 mortgage:

    Online Transfer: Set up a recurring transfer or make a one-time transfer online from your checking, savings, or another transactional account to your mortgage account. Payments are credited and account balances are updated immediately. 

    JHFCU TeleBranch 24: Transfer your payment from a JHFCU account to your mortgage; just use your loan suffix number between 70 & 77 (EX: XXXXXXXXX-XX.)

    Pay Online from an Outside Bank: Set up JHFCU as a payee using your 9-digit JHFCU Account number - 2-digit loan suffix number between 70 & 77 (EX: XXXXXXXXX-XX.)

    Pay by Check at a Branch or via Mail

    Pay by Transfer In-Person

    NOTE: When setting up Online Bill Payment from an outside account, use JHFCU’s main address, 2027 E Monument St, Baltimore, MD 21205
  • Do I need to be a member of Johns Hopkins Federal Credit Union to get a mortgage?

    Yes, you'll need to become a member first. Joining is quick and easy, learn more here!

    Then you'll be set to use your loan funds while enjoying all the benefits of credit union membership, like great rates and friendly, local service.

Other Home Loan Tools to Suit Your Needs

Fixed-Rate Mortgage


Enjoy the peace of mind that comes with knowing your rate and monthly payment will stay the same through the life of your loan. Plus, choose your term!

Learn More

HomeFree Home Loan


If you have significant equity in your home, you could enjoy the benefits of a refi without the closing costs. Potential to lower your rate or change your term.

Learn More

Home Equity Loans and Lines of Credit

Leverage the equity in your home to pay for renovations, weddings, college, debt consolidation, and more.

Learn More


*APR = Annual Percentage Rate. Rates are determined by an evaluation of the applicant’s credit, loan term and loan-to-value (LTV). Minimum down payment of 10% required. Payments do not include amounts for taxes, insurance premiums or private mortgage insurance (PMI), if applicable, actual payment obligation will be greater. Property and flood insurance may be required. Other restrictions may apply.