Make an Appointment

100% Mortgage Financing Program

A Program That Requires No Down Payment

First Source’s 100% Mortgage Financing Program is more like a bridge loan. If you’re purchasing a new house before your current house has sold, this could be a good financing choice for you. 100% financing allows for the full amount of the new purchase to be financed, then once you sell your current house, you can pay this down. There are very specific requirements/restrictions for this program.

Happy mature couple toasting with wine on moving day

Requirements For 100% Financing Program Include:

  • Loan Purpose: Purchase only

  • Loan to Value: 100% Financing

  • Eligible Product: 10/1 ARM 

  • Minimum Credit Score: 700

  • Minimum Borrower Contribution: 1% toward closing costs and prepaids (can be gifted)

  • Gift Funds: Allowed

  • Seller Concession: up to 3%

  • Occupancy: Owner-occupied only (no investments or second homes)

  • Reserves Required: 2 months principal, interest, taxes, and homeowner’s insurance

  • Auto Payment: Required

  • Maximum Loan Amount: $726,200 (as of January 1, 2023)

Get Started

Every situation and home is unique. We look forward to working on your specific needs for affordable home ownership.

Apply Now


Mortgages can be complex. We make them easy. If you’re not ready to apply for our 100% Mortgage Financing Program just yet, you might want to have a call with one of our Mortgage Team representatives first. We’ll walk through the process, ask you some clarifying questions, and answer your questions.

Request a Call Back

Interested In Learning More?

To see what other types of mortgages we have available, along with our specialized mortgage programs, visit our Mortgage overview page.

Let’s Get Started

We look forward to helping you.

Apply Now

Not sure how much house you can afford?

Check out our helpful mortgage loan calculator.

Mortgage Loan Calculator

Mortgage Loans

Check today’s mortgage loan rates effective April 14, 2024

Apply for a Mortgage Now

*Annual percentage rate
Mortgages in New York State only. Information is based on a loan amount of $160,000, credit score above 740, and loan-to-value at or below 60%. Your actual annual percentage rate may be different. All rates are subject to change without notice.

If an escrow account is required or requested, the actual payment will also include amounts for real estate taxes and homeowner's insurance premiums.

Rates are based on a purchase or no cash out refinance, cash out options may affect your rate.

Membership and credit requirements apply. Rates and terms determined by overall credit history and subject to change. Equal Housing Lender.

Mortgage products in New York State only and offered by our Mortgage Team, Homeowners Advantage (HOA). HOA is a Licensed Mortgage Banker – NYS Dept. of Financial Services. HOA NMLS Identifier: 309847. Principal Address: 4 Winners Circle, Albany NY 12205.