Mortgage Savings Account

100% HOME LOAN FINANCING

 

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.

      DO I QUALIFY?       QUALIFYING PROPERTIES

 APPLY NOW 

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.
Wondering if a property qualifies?

 FIND OUT NOW 



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

 APPLY NOW 


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

 LEARN MORE 



Consolidated Community Credit Union is federally insured by the NCUA. NMLS #401937. Equal Housing lending.
Income and location restrictions apply, please contact the credit union for eligibility requirements.


Equal Housing Lender
NCUA

 

 

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