Image Alt

loans not payday

Eligible BECU members you would like just to make down repayments of just one%, and you may BECU pays the rest

Jumbo financing courtesy BECU are provided as the both repaired- and you will adjustable-price financing and you can pay for consumers the capability to money residential property you to definitely are more pricey than just a normal purchase.

The fresh new Federal Construction Money Service kits the minimum jumbo amount borrowed on $453,100, in the event it some highest in a few says having ft high priced real estate will cost you. Consumers looking for higher-worthy of functions go for a beneficial 15- or 31-year repaired jumbo loan or 5/5, 5/1, step 10/step 1, otherwise eight/1 Arms.

Because label suggests, this loan are aimed toward first-time homebuyers and you can, from First-date Home Consumer Give System, funds shall be repaired, traditional otherwise 5/5 Arm.

Several other $six,500 is offered from the BECU to simply help finance a down fee, and consumers make use of devoid of to spend origination charge. The design of it mortgage causes it to be best for young individuals unable to afford initial down money, who will work for specifically regarding most real estate agent support.

BECU Virtual assistant finance

Va loans give licensed veterans, reservists, active-obligation servicemen and females, and qualified family unit members that have resource in the way of repaired- or variable-price mortgages having lower if any advance payment selection.