Buy a Home With No Money Down and No PMI

Attention first-time homebuyers and current homeowners!

We have new Second Mortgage options aimed to help you get into a new home faster, while saving money along the way! 

 

First-time homebuyer?

You can make the move sooner and keep more cash in your pocket with a Second Mortgage from First Entertainment! Paired with a primary home loan, this powerful lending tool can enable you to purchase a property with a down payment as low as 0% while avoiding costly PMI (private mortgage insurance).  

 

Current homeowner?

With a Second Mortgage from First Entertainment, you can tap into the home equity you’ve built and lock in a great fixed rate! It’s an ideal solution for financing major home improvement projects or for paying off a higher-interest HELOC. 

 

Features include: 

  • Terms of up to 25 years (for homebuyers) or 20 years (for current homeowners) 

  • Competitive fixed rates, so you don’t have to worry about market fluctuations 

  • Available in amounts up to $500,000 ($250,000 if over 80% combined loan-to-value) 

  • Homebuyers can choose from multiple loan structures: 80/5/15, 80/10/10, or 80/15/5 

  • Can also let buyers avoid Jumbo Loan status and secure a lower primary mortgage rate 

Click here to learn more about this powerful lending tool!