If you’re ready to buy a home but don’t have enough cash for the down-payment, an 80/20 Combination Loan might be the answer. E-LOAN can help you with an 80% first mortgage and a 20% second mortgage that cover the purchase price of your new home. From application to funding, the entire process runs simultaneously so you can close both loans at the same time. And, there is no need to pay PMI with this type of loan, which means a larger tax deduction for you!