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As we monitor health conditions in the Capital Region and adhere to official guidance, CAP COM may experience staff shortages. We appreciate your patience if you encounter longer wait times, or if your branch has shifted to drive-thru or appointment-only services. Please check back for the most up-to-date information.

Top 5 Reasons Homebuyers Choose 100% Financing

Tuesday, 03 April 2018 15:00

Are you currently house hunting, or thinking about buying a home soon? Line up your financing in advance, so your dream home becomes a reality.

If you have a good credit rating but need money for a down payment and closing costs, 100% financing may be worth a look.

Here are some of the top reasons homebuyers choose a 100% financing solution.

  1. Dramatically reduce the cash you need up front (down payment, closing costs).
  2. Close on your new home before selling your current home.
  3. Private mortgage insurance (PMI) costs may be lower than FHA loans.
  4. In a tight housing market, improve your chances of winning a bidding war.
  5. The money you would ordinarily need for a down payment can be used for renovations, or to pay down debt.

CAP COM’s 100% financing* solution is particularly appealing because it is a conventional loan (fixed- or adjustable-rate) without a location restriction or income threshold. 100% financing is just one of many mortgage solutions to consider.

Pre-qualify for your loan in as little as 15 minutes. This is your ticket to making an offer. Then, let us manage your loan details and paperwork through to closing.



*If credit-qualified. Ask about eligibility, rates and terms.
APR equals Annual Percentage Rate. Representative payment for a 30 year fixed mortgage at 3.375% with a 3.45% APR is $4.42 per $1,000 borrowed. Representative payment for 10/1 ARM at 3.00% with a 3.956% APR is $4.21 per $1,000 borrowed for the first 10 years then subject to increase; 7/1 ARM at 2.75% with a 4.127% APR is $4.08 per $1,000 borrowed for the first 7 years then subject to increase; 5/1 ARM at 2.50% with a 4.285% APR is $3.95 per $1,000 borrowed for the first 5 years then subject to increase. ARM rates quoted are based on Credit Union membership at the time of loan disbursal and selection of our Automatic Payment Plan. Ask about other rates and terms.
Mortgage products are offered by our Mortgage Team, Homeowners Advantage (HOA), which is a subsidiary of CAP COM FCU. Mortgages in New York State only. Home loan interest may be tax deductible. Consult your tax professional about deductibility in your situation. HOA is a Licensed Mortgage Banker - NYS Dept. of Financial Services. HOA NMLS Identifier: 290363. Principal Address: 4 Winners Circle, Albany, NY 12205.
If an escrow account is required or requested, the actual payment will also include amounts for real estate taxes and homeowner's insurance premiums.