Get your mortgage questions answered and also learn about our new program,100% Home Together, exclusively at New Britain Mortgage.
Exclusively at New Britain Mortgage
We offer the perfect win-win opportunity for you to finance 100% of your mortgage with the help of a qualified family member!*
How it works:
- Home Buyer can finance 100% of the Purchase Price or Appraised Value (whichever is lower).
- Family Member** pledges a 10% down payment to be kept on deposit at MSDFCU in a 1-year Certificate of Deposit.
- PMI (private mortgage insurance) for the home buyer will be based on a 90% LTV (loan-to-value).
- Once the mortgage is paid down to 90% LTV (and the loan is in good standing), the pledged funds held on deposit plus any interest that has accumulated are returned to the pledgor.
With everyone working together, we will make your dreams of owning a new home a reality!
Get your mortgage questions answered and also learn about our exclusive new program 100% Home Together by visiting our events page to attend an in-person discussion with our New Britain Mortgage Team at one of our branch locations.
*Homebuyer can finance 100% of the purchase price or appraised value (whichever is lower).>
**Qualified family members include the borrower’s spouse, child or another dependent, fiancé, domestic partner, or any other individual
who is related to the borrower by blood, marriage, adoption, or legal guardianship.