Alex– How about some more details (assuming you’re comfortable with such)?

It definitely sounds like you’d be stretching yourself to get into a place and I’m kinda curious why anyone would do that right now (including you).

Perhaps you have great income, but nothing much for a down payment? I’d still go with what Rustico said: save, save, save…

On the mechanics, yes, you can definitely go 80/10/10 (or 80/8.2/11.8 or whatever flavor you like [and a lender approves]).