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Whether you’re still saving up or your money’s tied up in other investments, there may be times when putting down 20% isn’t an option.

For a transaction in which the borrower isn’t putting 20% down, many conventional lenders will require costly private mortgage insurance. Spectrum Credit Union helps you avoid this expense with an 80-10-10 mortgage. Put down as little as 10% — no private mortgage insurance required.*

Key features:

  • Put down as little as 10% of purchase price
  • Take out 80% of your purchase price in a first mortgage
  • Take out 10% of your purchase price in a second mortgage


  • Available for jumbo and conforming loans with no prepayment penalty
  • Borrowers’ credit scores must be at least 680 with up to 50% debt-to-income ratio
  • Total purchase price of up to $1.5 million for a first mortgage and $300,000 for a second mortgage is allowed

More information

Our Mortgage Loan Officers are here to help you every step of the way. Please call our Home Loan Help Desk at 888-750-4124. For those outside the U.S., call 510-251-6010. 

To check your pending application status, simply log in to your existing application.

Please Note: Credit bureaus are allowed to make your contact information and credit score available to other mortgage providers. If you wish to opt-out of receiving pre-screened offers, call 888-5-OPTOUT (888-567-8688) or visit

Review our Privacy Notice for when we may share your information.

* Subject to credit score. All loans are subject to approval. Terms are subject to change at any time and without notice. The program may be used for owner-occupied properties only.

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