MyCommunity100

Get Approved more easily for 100% financing

Get Approved for complete 100% Loan

MyCommunity100 loan is more affordable than other 100 percent loans.

• Interest-only payment options are also available, making this loan even more affordable.
• Ideal for couples looking for starter home.

No Down Payment is required

• MyCommunity100 loan does not require you to have a down payment for a new home. You can get 100% financing for your new home's entire purchase price.
• The seller may make up to 6% clossing costs concessions to pay all of your closing costs. This means you could buy a home and pay nothing out-of-pocket!

Combine your first and second mortgage into one

• If you are refinancing, get rid of that adjustable rate on your home equity loan and refinance your first and second mortgages into one.
• MyCommunity100 gives youa fixed rate and you have to make only one payment instead of two.

How MyCommunity100 loan works

• MyCommunity100 loan is a traditional 30-year-fixed rate mortgage. Your rate and payment are fixed for the life of the loan.
• You can lower your mortgage payment by making interest-only payments. You can pay only the interest for the first 10 years of the loan or interest plus as much principal as you wish.

Who it's for

• Lower income families, college students, or young families just starting out.
• First-time home buyers who can't afford a down payment.
• People who reside in a hurrican-impacted community, a Fannie Neighbors area, or in community that is unserved by other banks.

Flex100

No Down Payment? No Problem

Buy a home with no downpayment

• Even if you dont have enough money for down payment, you can still buy that new home you always wanted.
• Don's tap out your savings-the Flex100 is also a great way to bring less money to closing.

Only $ 500 of your own funds required for closing

• You only need $ 500 of your own funds to bring into the mortgage transaction-the rest can come from flexible sources.
• Our home loan speacialist can help you understand all your options.

No pre-payment penalities

• You can always pay more than the required monthly principal and interest payment to pay off your loan earlier.
• You can also refianance your mortgage at any time with absolutely no pre-payment penalties.