Get the Home You Want Without the Down Payment

One of the most significant obstacles to homeownership is a lack of cash to pay for the down payment and closing costs. Our Zero Down Adjustable-Rate Mortgage (ARM) Loan can help you purchase a home with no down payment and a fixed rate for the first 5, 7, or 10 years, so you can enjoy lower interest rates and monthly payments. With rent averaging a mortgage payment these days, you now have a chance to own a property and start building equity.

Features include:

  • Borrow up to $500,000
  • No maximum income limitations
  • No-points and no-closing-costs options1
  • No pre-payment penalty or negative amortization
  • Interest may be tax-deductible2

You also have access to our complimentary Total Cost Analysis, designed to give you a side-by-side comparison of your loan options, costs, and savings. Be sure to ask about our Rent versus Own and Cost of Waiting Analysis. Call us to get started.

You’re sure to have lots of questions. Our Mortgage Loan Consultants will work with you to determine the right loan, to lock in the best interest rate, and to make your loan process as easy as possible. They’ll do all of the application paperwork on your behalf and provide advice each step of the way.

Borrower’s Tip: Sign up for our Home Connections program. Receive one-on-one guidance from a First Team Real Estate Agent and a commission rebate that can be used toward your closing costs.3

This is not an offer for an extension of credit or a commitment to lend. All applications are subject to borrower and property underwriting approval. Not all applicants will qualify. 

1For no-closing-costs option; borrower pays no closing costs, except for recurring costs such as: property taxes, insurance, and loan interest.

2For information regarding specific tax qualifications, please consult a tax advisor.

3Rebate payment is made by First Team Real Estate and is credited to your benefit at the close of the transaction. Purchase price must be greater than $200,000. Members receive a 25% rebate if they sell AND purchase with an assigned First Team agent. In order to receive the 25% rebate, the home sale and purchase transactions must take place within six months of each other. Members receive a 20% rebate if they sell OR purchase a home with an assigned First Team Agent. First Team Real Estate is not affiliated with Orange County’s Credit Union. Ask for details.