3% Down Fixed-Rate Mortgage1
Make home ownership possible with as little as 3% down.
3% Down1 Home Loans Make Home Ownership Possible
Purchase your first home without a big hit to your wallet. Our 3% Down Mortgages ensure that your payments will remain the same for the full term of your loan. These loans are great for home buyers looking for a mortgage other than an FHA loan.
Competitive with FHA:
- No Up-Front Mortgage Insurance Premium (UFMMIP), compared to FHA loans 1.75%
- Lower down payment; 3% Down Payment1 vs. FHA loans at 3.5% Down
3% Down Home Loan features:
- Competitive interest rates
- $0 out of pocket options
- No negative amortization
- No balloon payment
- No pre-payment penalty
- Interest may be tax deductible (consult your tax advisor)
We are here to help you open your home loan or find the right option to fit your needs. Give us a call at (877) 495-1600 or apply online today.
3% Down Home Loan Features
| 3% Down Home Loan1 | |
|---|---|
| Terms | 30-year Fixed |
| Down Payment | 3% Down |
| Maximum Loan Amount | $766,550 |
| Loan Transaction Type | Purchase, Owner Occupied, Single Family Residence |
| Closing Costs | Seller credit allowed. Lender credit available. |
| Special Requirements | Available to first-time homebuyers who have not owned a property in the past 3 years. |
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APR=Annual Percentage Rate. Rates and terms as of 3/22/2019 based on credit history, subject to credit approval, and subject to change without notice. Loans over 80% LTV require mortgage insurance. Payment examples do not include property insurance and taxes, and the payment will be higher than disclosed payments. Membership and credit subject to approval. Serving everyone who lives or works in San Diego or Riverside counties. A one-time $5 membership fee and savings account required. Restrictions apply.
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