Coming soon! A new look to your HCU online banking!

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