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100% Financing for First-Time Buyers

No Down Payment. No Mortgage Insurance.

100% Financing

For First-Time Buyers

Apply Online

100% Loan for First-Time Buyers

Rivermark makes buying your first home a reality with 100% financing. Our 100% First-Time Buyer Loan offers no down payment, no mortgage insurance, competitive rates, and low fees. We can help you become a homeowner faster than you thought possible!

  • No down payment required
  • No private mortgage insurance required

100% Combo Loan Details*

  • 80% of your purchase is a First Mortgage (5 & 10 year ARM or 30 year fixed options)
  • 20% of the purchase is a Home Equity Loan (used as “down payment”)
  • Minimum FICO score of 700
Your rate is not locked until you get confirmation from a Mortgage Loan Officer.  We look forward to serving you.
Apply Online Get an Estimate

The Rivermark mortgage professionals and resources will help guide you through the entire process. Call us at 503.906.9497, start the pre-approval process online or visit our home loans resources page.

*Available for primary residence purchases only up to 100% LTV. Applicants must meet credit and ability to repay requirements. Annual Percentage Rates (APR) effective as of the date of our latest rate update here. This is an 80/20 mortgage loan. Example is based on a $230,000 purchase price. A first mortgage (5/6 ARM) of $184,000 at 6.500%  with an APR of  6.937%  has principal and interest payments of  $1,163.01  for 60 months. The example APR includes an origination fee of $1,299 and Points. Origination Fees vary based on loan amount, between $250 - $1,299. Actual APRs for individual loans may differ. Adjusts no more than 2% annually after 60 months. Rate increases are limited to a maximum of 6% over the initial rate during the lifetime of the loan.  A second mortgage of $46,000 borrowed at  8.490%  with an APR of  8.490%  will have principal and interest payments of  $398.91  for 240 months. Tax and insurance payments not included in examples. Property hazard insurance is required. 3% seller concessions allowed with 2 months PITI reserves. 0% seller concessions without 2 months reserves. No gift funds allowed towards closing costs. Escrow account required for taxes and insurance. Assumes no other loans or liens on subject property. Primary borrower having an open Rivermark checking account and debit card at time of closing will receive $300 off the origination fee.  Actual APRs for individual loans may differ due to individual circumstances such as credit qualifications, increased loan to value, loan purpose (such as investment property) and property type. Adjustable Rate Mortgage (ARM) interest rates and payments are subject to change during the loan term.  That change can increase or decrease your monthly payment. Consult a tax adviser for information regarding the deductibility of interest and charges. Must be a member to borrow.

Home Mortgage Disclosure Act Notice

The HMDA data about our residential mortgage lending are available online for review. The data show geographic distribution of loans and applications; ethnicity, race, sex, age, and income of applicants and borrowers; and information about loan approvals and denials.

HMDA data for many other financial institutions are also available online. For more information, visit the Consumer Financial Protection Bureau’s website. (