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No Down Payment Required

100% Finance Mortgage

The 100% Finance Mortgage is designed to provide flexibility. With no down payment required, you can allocate funds towards other financial priorities, such as home improvements or saving for the future.

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Choose Your Terms

Choose either a 20-Year fixed rate for stability and consistent payments or a 5/1 ARM and take advantage of a lower rate if it drops in the future!

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No Down Payment

Enter the homebuying market without the burden of having a substantial amount of cash available. Finance 100% of the purchase price or appraised value (whichever is lower).

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Eligible Property Type

Financing available for single-unit homes that will be the borrower’s primary residence. Great News! It’s not exclusive to first-time homebuyers.

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Local Service

Get your loan from a lender who understands the local market. At SFCU, we don't transfer servicing to other lenders, so everything stays right here!

As low as APR*

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Low Rates

Competitive rates make your dream home more affordable

Spend less on interest with competitive rates on both fixed and variable term mortgage loans. We believe home ownership should be something everyone can achieve, that's why SFCU offers lower rates compared to many other financial institutions.

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GreenPath Financial Wellness

Free Home Buyer Counseling

From reviewing your credit history to understanding financing options, getting your financial house in order for a home purchase can feel overwhelming. Our partnership with GreenPath Financial Wellness sets you up for success. Caring, certified counselors are ready to understand your specific goals and challenges, and can help develop a plan to get you on firm financial footing as you look to purchase a home.

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I had the easiest loan process in my life.

— Scott T

How it works

Get stared today.

  • 1

    Complete an application

    Our friendly & professional mortgage reps will guide you through the application process

  • 2

    Get approved

    We'll crunch the numbers and let you know if you're approved.

  • 3

    Buy your new home

    Use the loan funds to purchase your next home!

Apply Now

 

Have a question? Get in touch with us

Your next home is within reach

With competitive rates and a variety of repayment options, home ownership has never been more accessible. Work with the local team at SFCU for a mortgage loan when it's time to purchase your next home.

Disclosures:

Annual Percentage Rate (APR) - Based on the final loan amount and applicable finance charges.

Monthly Payment Examples (excludes any applicable taxes & insurances):ย Assumes a loan amount of $100,000 and a 20-year amortization.

100% Financing Mortgage:
5/1 Adjustable-Rate Mortgage with 20-year amortization or 20-year fixed rate.
100% financing of the purchase price/appraised value, whichever is lower.
Single Family primary residence only.
Private Mortgage Insurance (PMI) required.
Escrow Required.

Adjustable-Rate Mortgage rate and payment changes:
The rate indicated for adjustable-rate mortgages is the initial rate and is subject to increase. Adjustable-Rate Loans may be amortized over 20, 25 or 30 years. Manufactured/Mobile with land is amortized over 15 or 20 years.

Example: The 5/1 ARM will have a constant interest rate for the first five years. Then the adjustable rate may change annually thereafter ("Change Date" as indicated in the Note) based on an "Index" which is the 1-Year Constant Maturity Treasury (1-Yr CMT) adjusted to a constant maturity of 1 year as made available by the Federal Reserve Board. The most recent index available as of 45 days before each Change Date is called the "Current Index". Before each Change Date, the Note Holder will calculate the new interest rate by adding the "Margin" to the "Current Index". The note holder will then round the result of this addition to the nearest one-eighth of one percentage point (0.125%). This rounded amount will be the interest rate until the next "Change Date". The rate may not adjust more than the Per Adjustment Cap indicated above on each "Change Date". The total loan adjustment will not adjust more than the Lifetime Cap indicated above over the lifetime of the loan. The Note Holder will then determine the amount of the monthly payment that would be sufficient to repay the unpaid principal that would be due in full on the maturity date at the new interest rate in substantially equal payments. The result of the calculation will be the new amount of monthly payment.

Additional Disclosure Details:
  • Rates are subject to change at any time.
  • The Credit Union reserves the right to modify or suspend any conditions of the loan programs at any time without prior notice.
  • Loan must meet credit, appraisal, and other guidelines. Title insurance is required.
  • Mortgage loans are available in NYS only.