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We make it easy to get into your first (or next) home

$0 Down Mortgage

We can help you own it

With no down payment requirement, low fees and closing costs — plus a local expert to guide you — we make it easier and more affordable to buy your first (or next) home. Our Advantis $0 Down mortgage* can put the key to your dream home in your hand.


  • Pay $0 up front — ideal for first-time homebuyers or anyone with limited savings
  • No monthly mortgage insurance, potentially saving you hundreds each month
  • Save more with low rates
  • Enjoy lower fees and closing costs than most other lenders
  • Rely on help from a local mortgage expert throughout the process   

Let’s dig a little deeper

When we say $0 Down, we mean it
Saving even 5% for a down payment can be challenging. Many homebuyers juggle additional financial obligations, like student loan or car payments, family expenses, household costs, and more. So we’ve made it easier to get into your first (or next) home by requiring nothing down. Which means less stress for you.

No mortgage insurance required
Typically, borrowers making a down payment of less than 20% of the purchase price of a home will need to pay mortgage insurance. This is usually included in the total monthly payment to your lender, and can add up to hundreds of dollars. Our $0 Down mortgage has no mortgage insurance requirement, saving you money every month.

Available on our 5/6 or 10/6 adjustable rate mortgage
Our $0 Down loan features your choice of a 5/6 or 10/6 adjustable rate mortgage (ARM). This option offers a low fixed rate for the first five or ten years, to help you save more during the early years of home ownership. After five or ten years, you'll enjoy built-in rate protections: your rate can adjust by no more than 2% per year, and can never increase more than 5% above your initial starting rate.

If you’re looking for a fixed rate loan with a low down payment requirement, we’d suggest our  Home Possible® Mortgage.

Who’s eligible? 
Our $0 Down mortgage is available for borrowers looking to buy their first (or next home), and are intending to occupy the property as a primary residence.

We'll be right there with you
Buying a home can feel overwhelming, so we do everything possible to ease the stress. You'll have the steady guidance of a Portland-based Advantis mortgage pro to help you from application to closing. Meet our mortgage team.

Get pre-approved
It’s essential to get pre-approved before you shop, so you can make a stronger offer when you find the home you want to buy. Apply online to get pre-approved quickly.

Tools and tips

Know what to expect
The Advantis mortgage guide can help you understand the straightforward steps you’ll take to get into your new home. And see our homebuyer’s guide for some practical tips to simplify the process. 

We’ve shared some key concepts  to know before you apply for a mortgage or shop for a new home.

Do the math
Use our mortgage calculators to get a general idea of what your loan payments might look like. Or for a more comprehensive breakdown, get an instant online quote that will estimate your rate, payments, and fees on a variety of mortgage options.

Not the right mortgage for you?
No problem, we've got others. See all of our mortgage options. 

Banks are for-profit, we're for you
Advantis is a not-for-profit financial co-op, locally owned by our members. So instead of giving our earnings to corporate stockholders like banks do, we return them to our members in the form of better rates, lower fees, and more free services.  Learn about our co-op difference.

Get started today

apply online

Get pre-approved today with a simple online application. Someone from our mortgage team will get back to you shortly after reviewing your application.

Ask for a personalized quote from an Advantis mortgage loan officer.

Questions before you apply? Our mortgage loan officers are here to help.

*Advantis' $0 Down Mortgage loan is a 5/6 or 10/6 ARM and only available for borrowers who are intending to occupy the property as a primary residence. Property restrictions and other conditions apply. Contact a mortgage officer for details. For all dwelling-secured loans, hazard insurance is required, and flood insurance may be required. All loans are subject to underwriting approval.