Zero Closing Cost Mortgage!
We understand buying a home is an expensive endeavor, and the last thing you want is to pay additional costs and fees! That is why we offer a Zero Closing Cost* loan to help with the expenses that go along with a new home purchase.
Zero Closing Cost* loan provides credit for the following services and fees:
- All Title Fees
- Credit Report
- Flood Certification
- Fraud Check
- Employment Verification
- Processing Fees
- Recording Fees
How it works? You will receive lender credits at closing in exchange for a slightly higher interest rate on the loan.
Contact us today to lean more and get your free personalized rate quote!
All loans are subject to credit qualification, creditworthiness and other factors such as:
- Loan-to-Value (LTV) 95% or lower
- Credit Score 680+
- Debt-to-Income max 45% if the credit score is under 700
- Debt-to-Income max 50% if the credit score is over 700
* All rates, promotions, and offers are subject to change without notice. The following No Closing Cost Interest Rates and payment samples are based on a $200,000 conventional loan a 95% Loan-to-Value, a minimum 740 or better FICO score, Private Mortgage Insurance, and a Debt-to-Income ratio no higher than 50% - 30-year conventional 4.50% ($1088 monthly payment); 20-year conventional 4.375% ($1293.84 monthly payment); 15-year conventional 4.00% ($1520.38 monthly payment); 10-year conventional 4.00% ($2066.90 monthly payment); Mortgage loan approvals are subject to credit approval and program guidelines. Your rates may vary based on LTV, credit scores, or loan amount. Standard Loan rates are posted daily at NBMortgages.com and subject to change without prior notice. The mortgage loan payment obligations will be greater if taxes, homeowner's insurance, or private mortgage insurance are included. The No Closing Cost Mortgage option: a) the borrower pays no closing costs, however, taxes will need to be escrowed and property insurance is required; b)transfer tax is still paid by borrower; c) offer is only available for primary and secondary residences and does not include rental or investment properties. Choosing an origination fee option will increase the final APR. Other restrictions may apply, please contact New Britain Mortgage for details. The Merck Sharp & Dohme FCU is federally insured by NCUA. Equal Housing Lender. You do not have to be a member of the Credit Union to qualify for a mortgage with New Britain Mortgage.