|First Time Homebuyer
$0 DOWN MORTGAGE*
With no down payment requirement, low fees and closing costs--plus a local expert to guide you—Advantis makes it easier and more affordable to buy your first home. Enjoy these exceptional benefits when you choose our First Time Homebuyer $0 Down Mortgage:
We can help you own it.
- No down payment required for qualified borrowers
- No mortgage insurance required, which adds up to more monthly savings
- Lower fees and closing costs than most lenders
- Help and guidance from a local mortgage expert throughout the process
5/1 Adjustable Rate Mortgage
Our First Time Homebuyer Program features a 5/1Adjustable Rate Mortgage (ARM). This loan offers a low fixed rate for the first five years—that helps you save more during your early years of home ownership. After five 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.
Looking for another option?
Advantis offers a wide variety of mortgage solutions that fit the needs of most homebuyers, including fixed-rate loans with flexible terms and as little as 3% down (for qualified borrowers).**
We'll be your helpful guide—from here to "Hello new home."
Buying your first home can feel overwhelming, so we do everything possible to lessen the stress, and make it feel simple and easy. You'll have the constant guidance of a Portland-based mortgage expert to help you from application to keys in hand.
Get pre-approved before you shop.
Getting pre-approved before you shop is essential, so you can make a stronger offer when you find a home you want to buy.
Get pre-approved today!
*Advantis' first time home buyer loan is a 5/1 ARM and only available for borrowers who have not owned real estate in the last three years and 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.
**Except for Advantis’ first time home buyer loan described above mortgage insurance is required on loans over 80% loan to value.