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$0 Down Mortgage with No PMI

Looking for a fixed-rate mortgage* with no cash up front? NASA Federal helps you keep more cash in your pocket.

There are a lot of expenses that go into the mortgage process. Most lenders require hefty Private Mortgage Insurance fees if your down payment is less than 20%. The NASA Federal Zerodown mortgage helps you soar past these extra costs at the speed of light with $0 money down, no PMI, and a fast closing guarantee^ – even on Jumbo Loans!

Why choose NASA Federal?

  • Customized financing strategies to meet your budget
  • Membership into a nationwide credit union
  • Expert, personal service from start to close


Fast Closing Guarantee

If you don’t close your new home purchase by the contract date, NASA Federal will apply a $1,000 lender credit toward your closing costs!^

Fourth ItemWhat if I still have more questions? We're here to help. Contact one of our Mortgage Specialists at 1-888-NASA-FCU (627-2328)  or fill out this form and we'll be happy to answer all your questions - no obligation and no commitment necessary.


*Membership and eligibility required. Special loan programs offered to well-qualified applicants. Some restrictions may apply. Offers valid for primary residences only. Special Loan Programs are limited time offers and can end at any time without advance notice. Zero Down Programs for new primary residence purchases or refinances in the following designated areas only: CO, CT, DC, DE, FL, GA, MA, MD, ME, MN, NC, NH, OR, PA, RI, TX (new purchases only), VA, VT, WA & WV. Other home loan programs available nationally. Speak with a NASA Federal First Mortgage Loan Specialist for loan details and rates.


Payment Example: A $250,000 30-year fixed rate with zero points and an interest rate of 3.625% (3.750% APR) would have a monthly principal and interest payment equal to $1,140.13. The monthly payment shown does not include PMI, taxes, insurance or other applicable escrows. The actual payment obligation will be greater when these are applied.


^Guarantee Conditions: All circumstances resulting in a missed closing date must have been under the control of NASA Federal and not processing delays associated with third party approvals and/or service providers or applicant time delays in providing prompt and complete information and documents as requested. If subordinate financing (a second mortgage or HELOC in conjunction with a first mortgage) is needed / being utilized, only subordinate financing with NASA Federal will continue eligibility under this Guaranteed Closing Date program. Contract closing date must be at least forty (40) days from the date NASA Federal receives both a complete application and a copy of a fully executed contract to purchase. Borrowers must supply all information and documentation within two business days (Monday – Friday) of the request by a NASA Federal representative. Appraisal appointments must be accepted by the sellers or their representative for the earliest available scheduled day and time from the assigned appraiser. Any cancellation or no-show by the sellers at the agreed upon day and time will void the NASA Federal guarantee. NASA Federal must be in receipt of the non-refundable appraisal fee within three business days (Monday – Friday) of either the borrower’s acceptance of the Loan Estimate (LE) or after three business days from the date of the Loan Estimate being sent to the borrowers. If a closing date is missed by NASA Federal, a lender credit of $1,000 will be applied toward usual and customary closing costs and prepaids only. If seller paid (per the contract) closing costs and prepaids result in less than $1,000 remaining in borrower costs, NASA Federal will only provide a lender credit for the amount remaining. Cash back to borrowers is not allowed. To ensure we provide the service level expected by all parties and depending on the application volume at any given time, NASA Federal may end this promotion for new applications without notice and then reinstate the promotion at a later date. All purchase money applications received while this promotion is in effect will qualify for the Closing Date Guarantee.

Confidential information such as account numbers and social security numbers should not be sent by email for security reasons. Instead, please contact us directly at 1-888-NASA-FCU, send us a secure message through eBranch Online Banking or Mobile Banking, or visit your nearest branch.

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