3% Down Fixed-rate Mortgages

Make home ownership possible with as little as 3% Down.

3% Down Home Loans Make Home Ownership Possible

Purchase your first home without a big hit to your wallet. Our 3% Down Mortgages1,2 ensure that your payments will remain the same for the full term of your loan. These loans are great for home buyers looking for a mortgage other than an FHA loan.

Competitive with FHA:
  • No Up-Front Mortgage Insurance Premium (UFMMIP), compared to FHA loans 1.75%
  • Monthly Mortgage Insurance Premium up to 50% lower than FHA loans 
  • Lower down payment; 3% Down Payment2,3 vs. FHA loans at 3.5% Down
3% Down Home Loan features:
  • Competitive interest rates
  • No points and closing cost options1
  • No negative amortization
  • No balloon payment
  • No pre-payment penalty
  • Interest may be tax deductible (consult your tax advisor)

We are here to help you open your home loan or find the right option to fit your needs. Give us a call at (877) 495-1600 or apply online today.

View Rates

Comparing 3% Down Home Loans

Terms Terms 30-year Fixed2
Down Payment Down Payment 3% Down
Loan Amounts/Unit Loan Amounts/Unit 1 Unit: $484,350; 2 Unit: $620,200; 3 Unit: $749,650; 4 Unit: $931,600
Loan Transaction Type Loan Transaction Type Purchase or Refinance, Primary Residence, 1 – 4 Units
Credit for Closing Costs1 Credit for Closing Costs1 Seller credit allowed. Lender credit available.
Special Requirements Special Requirements Area Median Income (AMI) limits apply and vary per county. 2 month reserves for 2 - 4 Units
View Rates

Comparing 3% Down Home Loans

Home Possible Home One
Terms 30-year Fixed2 30-year Fixed3
Down Payment 3% Down 3% Down
Loan Amounts/Unit 1 Unit: $484,350; 2 Unit: $620,200; 3 Unit: $749,650; 4 Unit: $931,600 1 Unit: $484,350
Loan Transaction Type Purchase or Refinance, Primary Residence, 1 – 4 Units Purchase, Primary, Single Family Residence
Credit for Closing Costs1 Seller credit allowed. Lender credit available. Seller credit allowed. Lender credit available.
Special Requirements Area Median Income (AMI) limits apply and vary per county. 2 month reserves for 2 - 4 Units Available to First Time Home Buyers who have not owned a property in the past 3 years.

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Conforming Fixed-rate Mortgages

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Federal Housing Administration Home Loans

Learn more about Federal Housing Administration Home Loans at Cal Coast today.

APR=Annual Percentage Rate. Rates and terms as of 3/22/2019 based on credit history, subject to credit approval, and subject to change without notice. Loans over 80% LTV require mortgage insurance. Payment examples do not include property insurance and taxes, and the payment will be higher than disclosed payments. Membership and credit subject to approval. Serving everyone who lives or works in San Diego or Riverside counties. A one-time $5 membership fee and savings account required. Restrictions apply. 

  1. Closing costs paid by the lender include title search, escrow, credit report, tax service, and similar non-recurring fees. You are responsible for property taxes, insurance, homeowner association dues, and for purchases, down payment, transfer taxes, and owner’s title policy.
  2. A $250,000 fixed rate Home Possible mortgage loan on a single-family owner-occupied home up to 97% LTV with a 30 year term and a rate of 4.625% has an APR of 5.076% and a monthlyn payment of $1,393.68 inclusive of mortgage insurance. This payment example does not include property insurance and taxes, and the payment will be higher than this disclosed payment.
  1. 3% Down - Home One Mortgage estimated monthly payments.

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