GET YOUR DREAM HOME - WITH NO MONEY DOWN
We offer 100% home loan financing on approved properties or income approved borrowers. This loan product allows
borrowers to purchase a home without a down payment, and it doesn’t require mortgage insurance. Additionally, the closing
costs can be gifted or paid by the seller, allowing the buyer to purchase with no money down.
503.963.6666 | 800.444.8115 | fax: 503.963.6655
mortgageloans@consolidatedccu.com
BENEFITS
- Purchase a home with no money down
- No mortgage insurance required
- No pre-payment penalty or equity sharing
- All loans are locally underwritten by CCCU
- Same-day loan pre-approvals
- 30-day close
HIGHLIGHTS
- Loans up to $484,350
- Fixed and adjustable rates
- 30-year loan amortization
- Up to a 100% LTV on owner occupied properties
- Debt-to-income ratios up to 45%
- 1% loan fee plus out-of-pocket closing costs
- 720 minimum credit score
- The typical borrower will be a first-time home buyer, but not restricted to them
RESTRICTIONS
- If a buyer has an income less than $65,100 and they buy a home in Multnomah, Clackamas, or Washington County, they quality for the program.
- If the buyer makes more than $65,100, they can still qualify for this program, but
they must purchase a home in the reinvestment area. The reinvestment areas are
located in Multnomah, Clackamas, Washington, Clark, and Columbia counties.
There are 194 census tracts that are included in these counties.
READY TO PURCHASE YOUR DREAM HOME?
No matter what point you are at in the home-buying process, we are here to help!
You can contact our mortgage team to ask questions or start the pre-approval and application process.
503.963.6666 | 800.444.8115 | fax: 503.963.6655
mortgageloans@consolidatedccu.com
QUESTIONS ABOUT REAL-ESTATE?
We have added a real estate specialist to our team as an added resource for our members. If you have any real estate related questions, please contact Diane Sorenson at askdiane@consolidatedccu.com
