100% Financing for First-Time Buyers

No Down Payment. No Mortgage Insurance.

100% Financing

For First-Time Buyers

Apply Online

100% Loan for First-Time Buyers

Rivermark makes buying your first home a reality with 100% financing. Our 100% First-Time Buyer Loan offers no down payment, no mortgage insurance, competitive rates, and low fees. We can help you become a homeowner faster than you thought possible!

No down payment required
No private mortgage insurance required

100% Combo Loan Details*

80% of your purchase is a First Mortgage (5 & 10 year ARM or 30 year fixed options)
20% of the purchase is a Home Equity Loan (used as “down payment”)
Minimum FICO score of 700

Your rate is not locked until you get confirmation from a Mortgage Loan Officer. We look forward to serving you.

Apply Online Get an Estimate

The Rivermark mortgage professionals and resources will help guide you through the entire process. Call us at 503.906.9497, start the pre-approval process online or visit our home loans resources page.

Joel Jenkins Work: 503-906-9468 Email: [email protected]
Sunny Freestone Work: 503-906-9397 Email: [email protected]
Josh Ruiz Work: 503-713-0958 Email: [email protected]

We make it easy to get the financing you need.

Purchasing a home is one of the largest financial decisions you’ll make, and our Mortgage Loan Officers are here to help you along every step of the way. Below is a high-level overview of the process:

Step 1: Get Pre-Approved

Submit your home loan application online or in a branch.
Rivermark may request supporting documentation, like pay stubs.
Your Mortgage Loan Officer will contact you with the amount for which you’ve been pre-approved.

Step 2: Shop for Your Home

You can shop with confidence knowing you’ve been pre-approved for a price range that is right for you.
When you find the right home and have negotiated the sales price, you send the signed agreement to your Mortgage Loan Officer to start the process.
You can lock in your interest rate now that you know the loan amount, term and date of closing.
The loan documentation and authorizations are completed, and your Mortgage Loan Officer will order the appraisal.
Appraisals may take 2-3 weeks to be completed. While you wait, your loan application is submitted to underwriting.

Step 3: Final Approval and Closing

Once the appraisal is completed, your loan is ready for final approval by Rivermark.
A copy of the appraisal will be sent to you via email or mail.
Rivermark will send out the final Closing Disclosure for you to review.
The closing documents are then sent to the Escrow officer to arrange the appointment.
On the date of your signing you will sign all of the documents at the title company and deliver the final amount due for closing.
Normally within 24 hours (next day) the loan is funded by Rivermark, the deed is recorded and you are now the owner of a new home and the keys are yours.

Click here for a printable checklist.

How do I get pre-approved for a home loan?

Start with a call to one of our Mortgage Team members. They will help you select the product that’s right for you and get you started with the pre approval process. If you prefer, you may apply online and a Mortgage Loan Officer will reach out to you directly. Upon approval, you will receive a pre-approval letter.

What is the difference between the interest rate and the APR (Annual Percentage Rate)?

The interest rate is used to calculate your mortgage payment. The APR is a broader measure of the cost of your mortgage and includes finance charges that apply to your mortgage. An APR is an effective tool to make apples-to-apples comparisons of mortgage options.

Click here for our full list of frequently asked home loan questions.

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Helpful Information

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*Available for primary residence purchases only up to 100% LTV. Applicants must meet credit and ability to repay requirements. Annual Percentage Rates (APR) effective as of the date of our latest rate update here. This is an 80/20 mortgage loan. Example is based on a $230,000 purchase price. A first mortgage (5/6 ARM) of $184,000 at 7.125% with an APR of 7.356% has principal and interest payments of $1,239.64 for 60 months. The example APR includes an origination fee of $1,299 and Points. Origination Fees vary based on loan amount, between $250 - $1,299. Actual APRs for individual loans may differ. Adjusts no more than 2% annually after 60 months. Rate increases are limited to a maximum of 6% over the initial rate during the lifetime of the loan. A second mortgage of $46,000 borrowed at 8.490% with an APR of 8.490% will have principal and interest payments of $398.91 for 240 months. Tax and insurance payments not included in examples. Property hazard insurance is required. 3% seller concessions allowed with 2 months PITI reserves. 0% seller concessions without 2 months reserves. No gift funds allowed towards closing costs. Escrow account required for taxes and insurance. Assumes no other loans or liens on subject property. Primary borrower having an open Rivermark checking account and debit card at time of closing will receive $300 off the origination fee. Actual APRs for individual loans may differ due to individual circumstances such as credit qualifications, increased loan to value, loan purpose (such as investment property) and property type. Adjustable Rate Mortgage (ARM) interest rates and payments are subject to change during the loan term. That change can increase or decrease your monthly payment. Consult a tax adviser for information regarding the deductibility of interest and charges. Must be a member to borrow.

Home Mortgage Disclosure Act Notice

The HMDA data about our residential mortgage lending are available online for review. The data show geographic distribution of loans and applications; ethnicity, race, sex, age, and income of applicants and borrowers; and information about loan approvals and denials.

HMDA data for many other financial institutions are also available online. For more information, visit the Consumer Financial Protection Bureau’s website. (www.consumerfinance.gov/hmda).