90% to $875,500 with no PMI!!!

Recently we rolled out a new loan product that is perfect for the higher balance loans. Now a buyer can purchase a property for as much as $972,000 and put down just 10%. We will make two loans (piggy back) to the borrower, one for the maximum conforming limit of $625,500 and the other for up to $250,000. Because the first loan is less than 80%, there is no mortgage insurance (PMI) required. And unlike other piggy back loans where the 2nd trust deed is at a much higher rate, in our case the 2nd is very competitively priced, nearly as low as the 1st TD.


Since the first loan is within conforming limits, the underwriting is much more down to earth and lenient as opposed to a jumbo loan. And the rates are lower. So, if you are looking at prices above $650,000 but only have 10% down, give us a call. This “piggy back” combo is fast becoming of our most popular loan products.


CPC Mortgage was founded in 1986 by Ed Cree and John Patterson. We are a full service mortgage broker offering competitive rates and programs on conventional conforming and jumbo loans, FHA, VA and reverse mortgages. Over the years we’ve arranged financing on over 6,000 loans totaling just under $2 billion. The backbone of our business for over 28 years has been to advise our clients as if it was our own money. We have never spent money on mass market advertising, relying instead on referrals from real estate agents and former clients. If you treat people right, they will come back and they will tell their friends. We’re proud of our track record and will continue to stress customer service to all of our clients.

For inquiries, please email us at