No Closing Costs Mortgage
Save thousands on closing costs
Saving for a down payment and closing costs can be challenging, especially for first-time buyers. Our No Closing Costs option greatly reduces the amount of money you need at closing because we cover your third-party charges and waive lender origination fees.17 You'll still have a down payment and need money for prepaid reserves (such as property taxes, homeowners insurance, and prepaid interest), but this is a great option if you want to bring less money to closing. Your interest rate will be slightly higher, but there's no prepayment penalty or hidden restrictions.