100% LTV Home Loan

HCU’s newest home loan product, the 100% LTV (Loan-to-Value) Home Loan, is a great option for those borrowers who want or need to borrow up to 100% of their home’s value. A traditional mortgage only allows 97% LTV.

BENEFITS:

• Fixed monthly payments for the life of the loan
• Protection from rising rates because interest rate remains the same for the life of the loan
• Don’t have to be a veteran to get 100% LTV
• No income limits 

BEST FOR PEOPLE WHO:

• Are First Time Home Buyers
• Have no down payment
• Have limited available funds

OTHER CONSIDERATIONS:

• Eligibility criteria apply:
  • Borrow up to $424,100
  • 20-30 Year Term – must have credit score of 700 or greater
  • 20 Year Term or less - must have credit score of 680 or greater
  • Must be a single family purchase and primary residence (no condos)
  • Minimum of 1% borrower contribution towards closing costs, prepaids or minimum reserve requirements. Gift funds are permitted to meet minimum borrower contribution
  • 3% maximum seller contribution
  • Minimum 2 months reserves
  • Monthly Borrower-Paid Mortgage Insurance (MI)
  • Full documentation for employment, income and assets

Click on Mortgage Rates to see the current rates and any additional disclosures.