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America First Credit Union 100% No PMI Adjustable-Rate Mortgage

America First Credit Union 100% No PMI Adjustable-Rate Mortgage is a first mortgage for homebuyers in Statewide, California.

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The program asks for

  • The home is occupied as a primary residence
  • A completed homebuyer education course, through Required - homebuyer education class
  • Sourced via Homebuyer Wallet (CA20250076). Membership in America First CU required. ARM rate adjusts every 6 months after 5-year fixed period. Available in CA, AZ, ID, NV, NM, OR, UT.

These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.

How to apply

  1. Take a homebuyer education course

    Required by the program, through Required - homebuyer education class.

  2. Contact the administering agency to reserve funds

    Funds are reserved with the provider and are subject to availability.

  3. Work with a lender who handles the program

    Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.

Questions about this program

What is America First Credit Union 100% No PMI Adjustable-Rate Mortgage?

America First Credit Union 100% No PMI Adjustable-Rate Mortgage is a first mortgage for homebuyers in Statewide, California. 5/6 Adjustable-Rate Mortgage. 100% LTV. No PMI. 5-year fixed initial period, then rate adjusts every 6 months per index + margin. Up to 100% LTV financing with no PMI. 5/6 ARM (5-year fixed, then variable every 6 months). Maximum $350,000 loan. Homebuyer education required. This is a nationwide program, so it is available beyond a single state or city.

Do you have to pay it back?

America First Credit Union 100% No PMI Adjustable-Rate Mortgage is a first mortgage and is repaid under the terms set by the administering agency. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

America First Credit Union 100% No PMI Adjustable-Rate Mortgage is open to homebuyers who will live in the home as their primary residence. A homebuyer education course is required, through Required - homebuyer education class. Sourced via Homebuyer Wallet (CA20250076). Membership in America First CU required. ARM rate adjusts every 6 months after 5-year fixed period. Available in CA, AZ, ID, NV, NM, OR, UT.

What kind of home can it be used for?

America First Credit Union 100% No PMI Adjustable-Rate Mortgage can be used for Single-family, Condo, Townhouse.

Where does it apply?

America First Credit Union 100% No PMI Adjustable-Rate Mortgage is a nationwide program, so it is not limited to one state.

How do you apply?

Applications for America First Credit Union 100% No PMI Adjustable-Rate Mortgage go through the administering agency. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.

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Whether two programs can be combined is up to each agency. Ask before you apply.

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Program terms are set by the administering agency and can change; confirm on the official site before you apply.