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Low Down Payment and $0 Closing Costs Mortgages

Don’t waste money paying rent on a property you will never own. Take advantage of low mortgage rates now, and get in your dream home sooner. Centra will work with you to help you buy the home you want. You could qualify for a low down payment mortgage with as little as 3%* of the home’s purchase price down. You also have the option to finance your new home with a $0 Closing Costs Mortgage** to cut down on the upfront costs of financing your home.

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97% Mortgage*                     $0 Closing Costs**                          
A 97% Mortgage allows you to finance up to 97% of the home’s purchase. With a smaller down payment, you can get into the home of your dreams sooner, lock in great mortgage rates, and keep more money in savings. A $0 Closing Costs Mortgage can save you thousands of dollars in upfront costs. When you don’t have to pay closing costs, you can put more money toward a down payment or keep more cash on hand for unexpected expenses

Have more questions? Today’s Mortgage Rates

Other low cost mortgage options

  • Federal Housing Administration (FHA) mortgages – offers features that may make owning a home easier for first-time homebuyers.
  • USDA mortgages – helps people purchase or improve property outside of the city limits with a Rural Development Loan.
  • U.S. Department of Veteran Affairs (VA) mortgages – makes it easy for those who serve their country to purchase a home.

* 97% Mortgage applies to Adjustable Rate Mortgage (ARM), 10-Year Fixed, and 15-Year Fixed Mortgages only. Not valid with 20-Year Fixed and 30-Year Fixed Mortgages. A down payment of at least 3% of the home’s purchase price is required. Standard closing costs apply. Loan payments must be set up for electronic funds transfer from a Centra checking account. All loans are subject to credit approval. Offer is subject to change without notice and is only available on owner occupied residential first mortgage loans.

** No closing cost option applies to Adjustable Rate Mortgage (ARM), 10-Year Fixed, and 15-Year Fixed Mortgages only. Not valid with 20-Year Fixed and 30-Year Fixed Mortgages. May be applied to new purchase or refinanced mortgage. $75,000 minimum initial loan amount required. Higher rates than posted on Centra Website will apply with no closing cost option. Additional closing funds may apply if escrow and/or prepaid interest are required. Loan payments must be set up for electronic funds transfer from a Centra checking account. All loans are subject to credit approval. Offer is subject to change without notice and is only available on owner occupied residential first mortgage loans with loan-to-value of 90% or less.