Skip to main content

Main Header

Zero Down Mortgage

Get credit for great credit with a Zero Down Mortgage.

A great credit score can make the impossible possible — purchasing a home with no money down except closing costs. If your credit is strong enough, you can qualify for a WSECU zero-down fixed-rate loan.

Get my rate

woman sitting on living room floor looking at a laptop open on a coffee table
man standing at kitchen counter with coffee cup

Is a Zero Down Mortgage right for you?

If you want to buy a home but don’t have a lot of savings or want to have emergency cash on hand, this is the mortgage for you. The home will need to be your primary residence for you to qualify for this loan.

Get my rate

Why WSECU for a Zero Down Mortgage?

At WSECU, we’re with you every step of the homebuying process. Our goal is to help you and other members reach their financial goals, including the dream of owning a home. And, like you, we’re lovers of Washington state.

Get my rate

Mortgage payment calculator

How much will my monthly payment be?

Enter in the purchase price of the home and let us calculate your monthly payment.

Get started

What is the purchase price of the home?

This is the sale price of the home you are buying.

$
Enter in a dollar amount between $10,000 and $9,000,000. Want to borrow more or less than this? Give us a call and see if we can help.
Next
Back

How much do you plan to put down?

If you put down at least 20%, you won't have to pay Private Mortgage Insurance (PMI).

or
Enter in a dollar amount lower than the purchase price or leave this $0.
Enter a percentage or leave this 0.
Next
Back

Mortgage Information

The purchase price of the home you are interested in.
Enter in a dollar amount between $10,000 and $9,000,000. Want to borrow more or less than this? Give us a call and see if we can help.
Down Payment The cash put toward the purchase of a home to make up the difference between the purchase price and the mortgage loan - usually a percent of the purchase price, i.e. '5% down'
or
Enter in a dollar amount lower than the purchase price or leave this $0.
Enter a percentage or leave this 0.
The amount you'll pay each year to borrow the money, expressed as a percentage.
Enter in a number between 1 and 10.
The duration of time it takes to pay off the loan.
Taxes paid based on the value of the property.
Enter in a dollar amount.
A form of property insurance that covers losses and damages to an individual's house and to assets in the home.
Enter in a dollar amount.
Private Mortgage Insurance protects the lender in the event the borrower defaults on a loan with a downpayment of less than 20% and is included in the monthly payment.
Fees paid to an organization of homeowners of a particular subdivision, condominium, or planned unit development.
Enter in a dollar amount.

Monthly Payment Breakdown

Apply now

When using the calculator, please remember the dollar amounts displayed aren’t guaranteed, and what you actually pay may be different. The estimates you receive are for illustrative and educational purposes only. The results of any loan calculator are not intended to be and should not be considered a decision of, or a commitment to the loan type or amount for which you may qualify. Actual PMI will vary based on individual criteria. Estimated property tax rate is 1.10%, actual property tax rate will be based the county in which the property is located. 

FAQ

We offer fixed or adjustable rate loan options with Private Mortgage Insurance (PMI), up to 100% loan to value (LTV).

We fund homes priced up to $548,250 in most counties and up to $776,250 in King, Pierce and Snohomish Counties.

No, you do not!

Single Family Residences, Warrantable Condominiums. All properties must be a primary residence.

* These mortgage rates are based on assumptions and conditions including but not limited to property type, occupancy, loan-to-value and credit score. Your interest rate will be based on loan specifics and your credit history. Once your rate is locked, a float-down option is not available.

Get into your dream home with no down payment.

Strong credit and a zero-down mortgage are just what you need to buy your first home.

Get my rate

Your perspective is important to us and helps us see where we’re hitting the mark and where there might be areas to improve.

Feedback submission button and cookie policy notification.