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.