No Money Down Purchase

As a veteran or active duty service member, you’ve earned the right to obtain a VA guaranteed home purchase loan that requires no down payment. This VA loan program was created to help veterans and eligible surviving spouses own a home with fixed-rate financing at lower interest rates than traditional loans.

A “No Money Down” purchase loan means just that – you pay NO money down

America’s veterans can fulfill the American dream of home ownership with the following benefits:

  • No down payment – keep more cash in the bank
  • Low interest rates
  • Low closing costs
  • No private mortgage insurance required
  • Fast, efficient, common-sense underwriting
  • Knowledgeable, friendly, and accessible staff of lending professionals to assist you every step of the way

As a veteran or active duty service member, you’ve earned the right to obtain a VA guaranteed home purchase loan that requires no down payment. This VA loan program was created to help veterans and eligible surviving spouses own a home with fixed-rate financing at lower interest rates than traditional loans.

With a VA purchase loan, there is no Private Mortgage Insurance (PMI) to pay. Whereas, FHA and Conventional loans may add the cost of this insurance to your monthly payment.  A VA purchase loan may eliminate this extra cost.

With First Federal Bank, the loan process is simple and easy.  We strive to give you the loan solution you need to help you on your way to financial freedom!

Let's Get Started

Here's What Our Customers Are Saying

Click here to see terms and conditions.

At First Federal Bank we’re always working to enhance our site and increase accessibility and usability for all of our customers. Our accessibility efforts are based on the World Wide Web Consortium’s (W3C’s) Web Content Accessibility Guidelines (WCAG) 2.0, Level AA. Those who need further assistance can visit a local branch or talk on the phone with one of our bank representatives during business hours.

Contact Us | Find a Local Branch

We want everyone who visits the First Federal Bank website to feel welcome and find the experience rewarding. Please click here for more information.

The information provided in these articles is not intended to be construed as investment advice. First Federal Bank, does not guarantee or warrant the accuracy or completeness of the information or opinions expressed herein. You should always conduct your own research and due diligence and obtain professional advice before making any investment or mortgage related decision. Please reach out to one of our mortgage loan specialists to discuss this information further.

Font Resize
Contrast