No down payment? No problem.

This loan is only available under specific circumstances.

• You must use it for a primary, single-unit residence.
• You must have a minimum credit score of 720.
• Loan limits vary by county.

Your Mortgage Originator can go over all the eligibility requirements with you.

The Zero Down Portfolio Home Loan is an adjustable-rate mortgage that’s linked to an economic index. That means your interest rate could increase or decrease over time.

With this loan, your interest rate is fixed for the first five years. After that, there are limits on how much your rate can change with each adjustment. There’s a maximum 2% change from your previous rate with each adjustment, and a maximum 5% change from your original rate over the life of the loan.

If you want to buy a home within the next few months, then it’s a good idea to get preapproved. Preapproval shows the seller that you’re serious about buying and you have the funds you need to make a purchase. If you’re searching for a home in a competitive market, preapproval makes your offer more attractive to sellers and gives you a critical advantage over other potential buyers.

While many lenders cancel their preapprovals after 90 days, there’s no expiration date on ours. If any of the documents in your credit approval file are out of date, we’ll offer you the opportunity to update them so that you can keep your preapproval in place.

Your credit score affects the interest rate you qualify for when you apply for a mortgage. With a higher credit score, you can usually qualify for a lower interest rate, which lowers your monthly payment and reduces the overall cost of your loan.

If you’re not sure what your credit score is, you can request a free copy of your credit score every 12 months from https://www.freecreditreport.com/. If your credit score isn’t as high as you’d like it to be, here are some tips for improving your credit.