Certain banks specialize in high loan to value low interest rate mortgages. These programs are designed for borrowers who have an excellent credit history and have a need for a mortgage that will advance up to 107% of the appraised value of their property. These low interest rate high loan to value products are offered without the borrower having to pay for private mortgage insurance (it’s not required).
These are available for cash out refinance, rate and term refinance, and, for the purchase of a home.
Remember, excellent credit is a must for these programs (generally a middle score of 680 of 3 separate repositories).