100% home loan financing, get your dream home - with no money down - CCCU
Tuesday, January 8 CCCU
100% home loan financing
Get your dream home – with no money down
We’ve made it easier for you! Our Community Home Loan lets you finance 100% of the purchase price of your home, plus a majority of the closing costs.
We are here to help
Our Community Home Loan doesn’t require Private Mortgage Insurance (PMI). This is a huge benefit to our members because conventional lenders will require PMI when your down payment is less than 20% of the home purchase. Now you can put your hard-earned cash toward items that will turn your house into a home, rather than forfeit your life’s savings for a down payment.
We make financing a home simple
Rest easy -- there’s no pre-payment penalty or equity sharing. We offer same-day loan pre-approvals, 30-day close, and all loans are locally underwritten by us.
What you need to know about this loan option
Buyers who have not owned a home in the last three years and plan to occupy the property as a primary residence may qualify for 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
If you have an income less than $65,100 and you buy a home in Multnomah, Clackamas, or Washington County, then you qualify for the program. If you make more than $65,100, you can still qualify for this program, but you must purchase a home in the reinvestment area. The reinvestment areas are located in Multnomah, Clackamas, Washington, Clark, and Columbia counties.
Ready to finance your dream home?
If you’re ready to apply, simply click here. No matter what point you are at in the home-buying process, we are here to help! You can contact our mortgage team at firstname.lastname@example.org
, or call 503.963.6666 to ask questions or start the pre-approval and application process.
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 email@example.com