Options for Zero-Down Loans and Downpayment Grants Provide Relief in Orange County’s Housing Market

Westcom Credit Union is offering an amazing mortgage deal in the Southern California housing market, with no down payment for loans up to $750,000. It is available to first-time buyers, veteran homeowners, and even co-owners, with no income caps. There are some conditions, such as needing to be a Wescom member, contributing a minimum of $1,000 or 1% of the sales price, and having a minimum 720 FICO score. Monthly payments for a $650,000 loan with a 7% rate would be $4,325 plus taxes, mortgage insurance, and homeowner's fees.