Republic Bank Offering No Down Payment Mortgage Loan

Republic Bank logoHome ownership is a dream many people strive to achieve over a lifetime, but there are often financial barriers that make the process a challenge. Saving enough for a down payment, not to mention the added expense of closing costs can make it seem impossible to get into a place to call your own. In recent years, several financial institutions have made a commitment to potential homebuyers by offering programs that lower the initial out of pocket costs for those who qualify.

The Offer

Currently, Republic Bank is offering a no down payment mortgage loan to borrowers who meet certain criteria. Through the program, home buyers have the ability to finance up to 100% of their home purchase without a requirement to have private mortgage insurance in place. In addition to financing the entire home purchase, Republic Bank also offers a discounted closing cost program that lowers the total upfront cost of home ownership significantly.

Borrowers who utilize the no down payment mortgage program through Republic Bank have the opportunity to pay no points at closing, receive a competitive interest rate, and select a mortgage repayment term of up to 30 years. Both adjustable rate loans and conventional, fixed rate mortgages are available, and interest rates vary based on the credit history of the borrower and price of the home purchased.

LendingTree logo

Compare mortgage offers for free at LendingTree.com!

  • Get matched with local and nationwide lenders online, or call (877) 282-4096
  • Low new home loan, refinance & equity line of credit rates
  • Calculate your monthly mortgage payment
  • Compare quotes from multiple mortgage lenders for free!

All individuals listed on an application for a no down payment mortgage loan with Republic Bank must qualify based on a strong credit history and verifiable income, and a home appraisal may be required for approval. The maximum loan amount available under the program is $424,000.

About Republic Bank

Since 1977, Republic Bank has been offering a variety of products and services to its customers throughout Kentucky, Tennessee, and Florida. The bank currently operates 45 full-service branch locations along with a large network of fee-free ATMs. In addition to mortgage solutions offered by Republic Bank Mortgage Center, the bank also offers various deposit accounts, personal lending products, and small business banking.

Prospective homeowners interested in the no down payment mortgage loan offered by Republic Bank may gather more information or apply by visiting a full-service branch location, contacting a customer service representative at 1-866-758-3970, or by visiting the bank online.

Posted on November 14, 2017 by in Mortgages,

Email Updates

Get hot tips, exclusive deals and the latest news sent directly to you.



Comments & Discussion



 

02/13/2018