No Down Payment Program

HELPING TO MAKE YOUR DREAMS TO BE A HOMEOWNER COME TRUE

For most people, the hardest part of buying a home, especially your first home, is saving the amount required for a down payment. East Coast Credit Union has a solution that can help you meet your dreams of home ownership.

HOW DOES IT WORK?

It’s easy. With our flexible options, we can provide you with up to 5% of your home’s mortgage amount in the form of a loan or line of credit that will be used to cover the costs of your down payment. On the closing day of your home’s purchase, you will receive 5% of the mortgage amount back in cash. Then we apply that amount to your loan or line of credit and your loan is paid off. All you have left is your mortgage to pay and your dream of home ownership is a reality!

HOW CAN I APPLY?

You can apply for this mortgage option by contacting one of our financial professionals either online at eastcoast@creditu.ca, by phone at any of our branches or via our toll-free number at 1-866-230-7700 to book your appointment today.

 

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