ILWU Credit Union Now has a 3% Down Payment Home Loan Option!In this highly competitive real estate market, home ownership may seem out of reach, especially for the first-time homebuyer. We are happy to announce ILWU Credit Union has added additional loan options to make getting your dream home more attainable. We now have financing available up to 97% LTV* (Loan to Value) for purchases or refinances on conforming loans and up to 95% on Jumbo Loans. This is a great option for the first-time homebuyer who may not have the ability to put 20% down.
Benefits of Our Low Down Payment Mortgage Loans
- Conforming loans as low as 3% down payment*
- Jumbo loans as low as 5% down payment*
- No increased loan fees or higher loan rates that are typically associated with low down payment mortgages
- No-points option
- No pre-payment penalty or negative amortization
Generous Loan Amounts Available:
- $850,000 with 3% down payment (97% LTV - Loan to Value)
- $1,000,000 with 5% down payment (95% LTV)
- $1,500,000 with 10% down payment (90% LTV)
We are here to help you find the right home loan to fit your needs. Please call us at 866.445.9828 and ask to speak to a member of our Real Estate Loan Department.
*Loans over 80% LTV require mortgage insurance. Loans subject to borrower and property qualifications. Not all applicants will be approved. Other restrictions may apply.
ILWU Federal Credit Union NMLS #450072. Mortgage Loan Originators