Piggyback Second Mortgage (80/10/10 or similar)

What is it?

DirectLenderMatch classifies Piggyback Second Mortgage (80/10/10 or similar) under the financing form “Junior mortgage.” Its typical use in this directory is: Combine first mortgage + simultaneous second.

How does it work?

The structure is generally evaluated, supported, or secured using the following basis: Purchased property equity. Exact underwriting, eligibility, terms, and availability are provider-specific and can change.

What can it be used for?

Combine first mortgage + simultaneous second.

What backs or supports it?

Purchased property equity.

Why does this structure exist?

This structure provides a defined way to address the financing need described above. The provider, transaction, collateral, and underwriting context determine how the structure is implemented in practice.

Important considerations

Confirm current costs, risks, licensing, eligibility, collateral treatment, recourse, tax consequences, and availability directly with the provider and appropriate professional advisers. DirectLenderMatch does not compare rates or recommend products.

Is this actually a loan?

Loan or credit structure

Workbook classification: Yes. Financing forms such as leases, purchases, shared equity, advances, and guarantees may solve a funding need without being conventional loans.

Verified lenders or providers

Direct credit-union lender

Stanford Federal Credit Union

Stanford Federal Credit Union currently advertises a special 80/10/10 purchase option for California homeowners.

Official evidence page →

Last verified: 2026-08-23