Get a little help moving into your new home
These loan programs lower the upfront costs
How long does it take to save enough money to make a down payment on a new house? For some families, the answer might be a frustrating "forever." At Excite Credit Union, we're happy to reduce the waiting period. We offer several programs that help certain buyers qualify for life-changing mortgage loans without having to fork over a fortune.
FHA Loans
If you're buying your first home, or you have less-than-perfect credit, a mortgage backed by the Federal Housing Administration might be just the ticket.
- Low down payment as little as 3.5% of the purchase price
- No maximum income/earning limitations
- Fixed-rate loans are available
- Maximum loan amounts vary by county
VA Mortgages
We salute your service. Active-duty military, veterans and reservists are all eligible for these affordable mortgages.
- Up to 100% financing—with as little as zero down payment for qualified borrowers
- Fixed-rate loans available
- More flexible credit guidelines than for conventional loans
*Offer applies to purchase loans to 95% loan-to-value only. Based on a first mortgage of $453,100 and a 5% down payment for a total purchase of $476,950. Financing available up to $453,100 for owner-occupied California or North Carolina primary residence properties only. Minimum 720 FICO score required. Loan requires two months of PITI reserves. Borrower(s) and Property must meet mortgage insurance guidelines. Mortgage insurance required. Other restrictions may apply. Please consult your tax advisor regarding the deductibility of interest and charges. See account disclosure for complete details. Offer cannot be combined with other discounts or promotions. Certain membership requirements may apply. NMLS registered. Equal Housing Lender.
**ARM-Adjustable Rate Mortgage. Closing Cost credit cover the loan processing fees of $1095 in CA and $895 in NC
