Piggy back Loans..

[RABQUE]

I have been hearing and reading about these loans recently and I had a few questions.  Are these loans still possible in this market? If you get an 80/20 Is a down payment required? What are the disadvantages of this type of loan? Any information would be greatly appreciated.

[Anonymous]

I could be worng, but I think these loans died out with the credit crunch - mortgage crisis.  I don;t think anyone is doing these anymore.  USDA (if you qualify for them) are still oding zero down but after that you are looking at at least 3.5% for FHA and more for conventional.