START HERE
Buy with No Down Payment

Is a down payment keeping you from purchasing a home?

Yes No

No Down Payment Program

First-time Buyers

Most first-time homebuyers can qualify a first-time home buyer loan with at least a $1,000 borrower contribution.

More Options

100% Financing does not require private mortgage insurance and is available in fixed and adjustable rate options.

Loan Limits

Loan amounts up to $582,480—loan limits may be higher depending on the county limits.

Less Than Perfect Credit

As low as a 660 credit score is required for 100% Conventional Financing.

How it works

first Share a few details
first No Down
first Hi, I’m Chad, your loan officer, How can I help?
first Share a few details
first No Down
first Hi, I’m Chad, your loan officer, How can I help?
1

Get the facts

It all starts here by creating home purchase plan and find out what fits within your budget.

2

Compare down payment options

We will provide you an easy to follow estimate with loan program, interest rate, monthly payment and cash to close.

3

Painless pre-approval*

Once you know your options you will be invited to submit an application to start the pre-approval* process.

Start Here

*Pre-approval is not a commitment to lend.

Frequently asked questions

Q: Who is considered a first-time homebuyer?
+ –

A first-time homebuyer is anyone who hasn’t owned a primary residence for three years or more.

Q: How do you qualify for a first-time homebuyer loan?
+ –

Most first-time homebuyers can qualify a first-time home buyer loan with a 660 credit score and a $1,000 down payment. Lenders will also look at your debt-to-income (DTI) ratio. Members with a score between 660-679 can have a max DTI of 41% and credit scores above 680 can have a max DTI of 43%.

Q: How do you apply for a first-time homebuyer loan?
+ –

To apply for a first-time homebuyer loan, you will want to first get preapproved by a lender. The lender will check your credit history and then will need to verify your income and assets.

Q: Is a first-time homebuyer loan worth it?
+ –

First-time home buyer loans have many advantages, such as access to federally- backed loans, state programs, tax breaks, and lower down payments.

Q: Which loan is best for first-time homebuyers?
+ –

100% first-time homebuyer loan is a great option. FHA loans are another great option for first-time homebuyers because they offer low upfront costs and are more flexible with credit requirements. Both loan programs also offer smaller down payment options.

Q: What is the first step to take advantage of down payment assistance programs?
+ –

Start with “START HERE” answer the questions, connect with our down payment assistance specialist and have your options emailed to you.

Get started in minutes

Speed matters. Which is why you can get information today. Without affecting your credit score.

START HERE

Won’t affect your credit score.

* By entering your information and clicking “Submit”, "Let's Get Started", or "Apply Now" you are authorizing Luminate Bank to contact you, using the information you provided above. We may call, email or text you and Message and Data Rates may apply. You can STOP messaging by sending STOP and get more help by sending HELP. We may use automated dialing systems and prerecorded voice messaging in connection with calls or texts. This permission applies even if you are on a company, state or national Do Not Call Registry. You may opt-out of receiving these communications at any time. This consent is not requirement to obtain a loan. You may choose not to submit and contact us directly by our phone number listed. Our commitment to privacy can be found in our Privacy Policy.