A house is being lifted in the air.

Get the low down and no down on our mortgages

Need a boost to buy a home?

We have affordable financing for well-qualified buyers for NO down or a LOW down payment. 

Let our home loan experts help you find the best solution to get you into your new home. 

Low 5% down payment

95% LTV with PMI - High Balance (Conforming)
Example:
Purchase Price
$800,000.00
Down Payment (5%)
$40,000.00
Cash to Close (incl. closing cost)
$56,398.00
Term
FIX30
1ˢᵗ Lien Loan Amount
$760,000.00
1ˢᵗ Interest Rate
6.375%
1ˢᵗ Payment
$4,741.41
PMI Rate
0.58%
PMI Payment
$367.33
PMI Coverage Factor
30%
Taxes
$833.33
Homeowners Insurance
$233.33
Monthly Payment
$6,175.40
APR/Closing Cost/APR Fees/Impounds
‎Example:
1ˢᵗ w/Mortgage Insurance (MI) APR
6.917%
**1ˢᵗ w/MI Approx Closing Cost (CC)
$16,397.54
1ˢᵗ w/MI APR Impacted Fees
$6,321.00
**Impounds Included in CC above
$1,800.00

General Underwriting guidelines: AUS DU/LPA: Approve/Eligible or Accept | MAX DTI: 50% (priced at 45%) | Min FICO Score: 620. Note: Example above based on 720 score | Property Type: 1-Unit SFR, PUD or Warrantable Condo | First Time Homebuyer: Not Required | Impounds: Mandatory for LTV> 90% | Max LTV/CLTV: 95% | Max Loan Amount: High Balance Loan Limits | PMI Renewal: 0.58% first 120 months; 0.20% for remaining 240 months; 78% midpoint payment cancellation

NO down payment & NO PMI

80/20 (100% CLTV) - Power Boost (PB) Insured 2ⁿᵈ
Example:
Purchase Price
$800,000.00
Down Payment
$0
Cash to Close (incl. closing cost)
$16,447.00
Term
FIX30
1ˢᵗ Lien Loan Amount
$640,000.00
*1ˢᵗ Interest Rate
6.500%
1ˢᵗ Payment
$4,045.24
2ⁿᵈ Lien Loan Amount
$160,000.00
*2ⁿᵈ Interest Rate
8.375%
2ⁿᵈ Payment
$1,216.12
Taxes
$833.33
Homeowners Insurance
$233.33
Monthly Payment
$6,328.02
APR/Closing Cost/APR Fees/Impounds
Example:
1ˢᵗ APR
6.591%
1ˢᵗ Approx Closing Cost
$14,275.00
1ˢᵗ APR Impacted Fees
$5,998.00
2ⁿᵈ APR
$8.451
2ⁿᵈ Approx Closing Cost
$1,797.00
2ⁿᵈ APR Impacted Fees
$1,126.33

*PB 1ˢᵗ Mortgage Rate: Add 0.125% to Rate. PB 2ⁿᵈ: Add 1.875% to Final 1ˢᵗ Rate

General Underwriting guidelines: AUS DU/LPA: Approve/Ineligible or Accept | MAX DTI: 45% | Min FICO Score: 720 | Property Type: 1-Unit SFR, PUD or Warrantable Condo, or 2-Unit Duplex | First Time Homebuyer: Mandatory for all occupying borrowers | Impounds: Not Mandatory | Max LTV/CLTV: 80/100% | Max Loan Amount: Max secondary financing is $250,000

Questions?

For more information, call us at 800-300-9728 or click here 

Rates shown as of 1/10/2024. Rates are subject to change without notice | NMLS #525600 | APR = Annual Percentage Rate. Close of Escrow (COE): Closing Cost based on 3/15/2024 COE. Property Type: Primary Home. All loans subject to credit approval, standard underwriting guidelines and WPCCU membership status. Examples are for well-qualified buyers. Other terms and programs available. Restrictions apply. Contact WPCCU for details. WPCCU is an Equal Housing Lender. Federally insured by NCUA.