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 $765,6001
  • No maximum income limitations
  • For first-time and seasoned buyers
  • No-points option
  • No pre-payment penalty or negative amortization
  • No upfront fees
  • 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. 

1The maximum loan amount is available in high-cost areas; not to exceed the high-cost conforming loan limit for that area. For non-high-cost areas, the maximum loan amount is $600,000. As an illustration, a conforming 7/1 ARM loan of $600,000 with an interest rate of 3.750% and 360 monthly payments of $2,778.69 and 0.125% points will have an Annual Percentage Rate of 5.019%. Ask your Mortgage Loan Consultant about conforming loan limits in your area.

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.

Membership in Orange County's Credit Union is available to anyone who lives or works in Orange, Los Angeles, Riverside, or San Bernardino Counties. Don't live or work in our area? You may also qualify if your immediate family member banks with us. Ask us for details. Membership fee is $5.

Immediate Family Includes:
Adoptive Relationships