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$0 down1 mortgage
Skip the savings hurdle, our $0 down mortgage helps you move in faster with no upfront payment.
100% financing options available1
financing solutions for members without a large down payment
Buying a home can be stressful, especially when a down payment stands in the way. Our $0 down mortgage offers 100% financing, so qualified members can move in without waiting to save more.
You can choose from Fixed Rate Mortgages (FRM) or Adjustable Rate Mortgages (ARM), including 5/1 and 7/1 ARM options—all with competitive rates and flexible terms. This non-conforming loan is available for the purchase of a single-unit, primary residence and is ideal for first-time buyers or members with limited equity or cash on hand.
Our local mortgage advisors are here to support you every step of the way—from application to closing.
Features:
- 0% down payment – Finance up to 100% of the home’s value, which makes it a great choice for first-time home buyers
- Fixed and Adjustable Rate options – FRM, 5/1 ARM, or 7/1 ARM
- Primary residences only – Available for the purchase of a single-unit, owner-occupied home
- Non-conforming loan – Designed for borrowers who may not meet standard agency guidelines
- No upfront mortgage insurance fees – Helps lower your initial costs
- Low or no private mortgage insurance premiums – Easier on your monthly budget
- Gift funds accepted – Can be used toward closing costs
Ideal For:
A $0 down payment mortgage is especially well-suited for first-time homebuyers who may not have substantial savings for a large down payment, making homeownership more accessible and financially attainable.
Frequently Asked Questions
A: Our $0 down mortgage is designed for qualified Members who want to buy a single-unit, owner-occupied primary residence and may not have a large amount of cash available for a down payment. Eligibility is based on factors like credit history, income, debt-to-income ratio, and overall financial profile.
To see if you qualify, connect with a Mortgage Advisor.
A: While both options may allow for little to no down payment, a $0 down mortgage is not limited to rural areas and does not have the same geographic or income eligibility requirements as Rural Development (USDA) loans. This makes it a flexible option for members buying in a wider range of locations.
A local Mortgage Advisor can help you compare options and determine which loan best fits your situation.
A: A $0 down mortgage means you can finance up to 100% of the home’s purchase price without a traditional down payment. You may still be responsible for closing costs, prepaid taxes and insurance, and other standard fees unless they are covered by seller credits or eligible gift funds.
A Mortgage Advisor can provide an estimate of your expected out-of-pocket costs.
A: The $0 down mortgage is available for single-unit, owner-occupied primary residences. It is not designed for second homes or investment properties.
If you have a different type of property in mind, a Mortgage Advisor can help you explore other mortgage options.
A: Yes. With our $0 down mortgage, you can choose from Fixed-Rate Mortgages (FRM) or Adjustable-Rate Mortgages (ARM), including 5/1 and 7/1 ARM options. This gives you flexibility to pick a predictable fixed payment or a lower initial rate with an ARM.
To compare payment scenarios for fixed and ARM options, talk with a Mortgage Advisor.
A: Our $0 down mortgage is designed to help lower upfront costs by offering no upfront mortgage insurance fees and low monthly mortgage insurance premiums. This can make it easier to move in without a large initial cash outlay, while keeping monthly payments more manageable.
A Mortgage Advisor can review how mortgage insurance will impact your payment and how long it may apply.
A: A $0 down mortgage is especially well-suited for first-time homebuyers, but it may also be available to repeat buyers who meet the program’s credit, income, and property guidelines. The key is that the home will be your single-unit, owner-occupied primary residence and you meet the program requirements.
To find out if you’re eligible as a first-time or repeat buyer, reach out to a Mortgage Advisor.
plan your next move
explore our mortgage calculators
Understanding your mortgage options can make a big difference in your financial future. Our mortgage calculators help you figure out monthly payments, estimate costs, and explore loan types to find what works best for you. Whether you’re buying a home, refinancing, or planning for the future, these tools give you the information you need to make confident choices.
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[1] Offer and terms subject to change. Loans subject to credit and collateral approval as well as program terms and conditions. Available on new mortgage applications. Financing up to 100% of the retail value of the property is available. Up to 360 months financing available. Rate may be increased after consummation. Certain restrictions apply.