Buy Your First Home With No Down Payment
The Pure Plus ARM is built for first-time buyers who are ready to own but have not saved a traditional down payment. Get 100% financing with no PMI, and a rate that stays fixed for the first five years.
100% Financing, Made for First-Time Buyers
A down payment should not stand between you and your first home. Here is how the Pure Plus ARM opens the door.
Own Without a Down Payment
The Pure Plus ARM provides 100% financing, so you can buy without a down payment. And unlike most low-down-payment loans, it requires no private mortgage insurance, which keeps your monthly payment lower.
- 100% LTV, 0% down
- No PMI required
- Lower monthly cost than most low-down loans
- Designed for first-time buyers
Fixed for Five Years, Then Predictable
Your interest rate is fixed for the first five years. After that, it can adjust once every five years based on market conditions, not every year like a traditional ARM. That means fewer changes and more predictability over time.
- Fixed rate for the first 5 years
- Adjusts only once every 5 years
- 30-year term
- Fewer adjustments than a traditional annual ARM
Built for Where You Are Right Now
A Pure Plus ARM is a strong fit if you are a first-time buyer without a large down payment, expect your income to grow, or plan to build equity and refinance or move within a reasonable window.
- First-time buyers welcome
- No large savings required to start
- Good if you expect income growth
- Build equity from day one
What Could Your Payment Look Like?
Try the numbers before you talk to anyone. These estimates are for education only - your Home Loan Consultant will walk you through the real thing.
Fixed-Rate Mortgage Calculator
Estimate a monthly payment on a conventional fixed-rate mortgage, including taxes and insurance.
VA Loan Calculator
Estimate a VA loan payment with zero down, including the VA funding fee financed into the loan.
These calculators are for education and illustration only. They are not a loan application, rate quote, offer, or commitment to lend, and results are estimates that exclude PMI where applicable. The fixed-rate calculator estimates an initial fixed payment only; it does not show how an adjustable-rate (ARM) payment can change or include FHA mortgage insurance premiums. Interest rates shown are editable examples, not ACU rates - see current rates and fees or talk with a Home Loan Consultant. VA funding fee percentages follow the published VA schedule (first use with less than 5 percent down: 2.15 percent; subsequent use: 3.3 percent; 1.5 percent with 5 to 9.99 percent down and 1.25 percent with 10 percent or more down); verify your fee and exemption status at va.gov. All loans subject to credit approval. NMLS #449181. Equal Housing Lender.
Everything a First Home Should Start With
A mortgage designed to remove the barriers that keep first-time buyers renting.
Zero Down Payment
Buy your first home without saving for years to cover a traditional down payment.
No PMI
Skip private mortgage insurance and keep your monthly payment lower than most low-down loans.
100% Financing
Finance the full purchase price at 100% loan-to-value, no separate down payment loan needed.
Rate Fixed 5 Years
Your interest rate stays fixed for the first five years, so your early payments are steady and predictable.
Adjusts Only Every 5 Years
After the fixed period, the rate adjusts just once every five years, far fewer changes than an annual ARM.
First-Time-Buyer Friendly
Designed from the ground up for members buying their first home, with a dedicated team to guide you.
Three Steps to Your First Home
From estimate to keys in hand, the path to owning your first home is simpler than you think.
See What You Can Afford
Use the calculator to estimate your payment with zero down.
Get Pre-Qualified
Apply online or call a dedicated loan officer.
Move In
Close on your first home and start building equity right away.
“ACU made our home buying process smooth and stress-free. Their mortgage team went above and beyond, and we closed on time with zero surprises.”
Know Exactly How Your Rate Behaves
An adjustable-rate mortgage starts with a fixed-rate period, then adjusts on a set schedule. Caps keep every adjustment inside known limits.
Down Payment
Pure Plus ARM offers 100% financing for qualified first-time buyers, so the down payment is not the barrier.
Introductory Period
Your rate is locked during the introductory period, so early payments are predictable.
Adjustment Limits
Rate caps limit how much the rate can move at each adjustment and over the life of the loan.
How Adjustments Work
After the intro period, the rate equals a market index, such as SOFR, plus a fixed margin set at closing.
| Adjustable-Rate (ARM) | Fixed-Rate | |
|---|---|---|
| Starting rate | Typically lower | Typically higher |
| Payment after intro period | Can adjust on a set schedule, within caps | Never changes |
| Rate protection | Caps on each adjustment and a lifetime cap | Rate locked for the full term |
| Typical minimum down | $0 with ACU Pure Plus; conventional ARMs often ask 5% | As low as 3% conventional |
| Best for | Buyers who may move, refinance, or grow income within the intro years | Owners staying long term who want certainty |
Figures shown are common industry guidelines and 2026 program limits, provided for education. Guidelines vary by program and change over time. Your ACU Home Loan Consultant will confirm exactly what applies to your loan.
Pure Plus ARM FAQ
Answers to the questions first-time buyers ask most about the Pure Plus ARM. As of March 2025, credit unions averaged 6.06% on 5/1 adjustable-rate mortgages versus 6.83% at banks, according to NCUA rate data.
Disclosures
Pure Plus ARM is a 5/5 adjustable-rate mortgage; the interest rate is fixed for the first five years and may adjust every five years thereafter based on an index plus margin, which may increase your payment. All loans subject to credit approval. Rates and terms subject to change without notice. Property insurance required. Calculator results are educational estimates, not a rate quote or commitment to lend. Membership required. America's Credit Union is a federally chartered credit union insured by the NCUA. NMLS #449181. Equal Housing Lender.
Your First Home Is Closer Than You Think
No down payment, no PMI. Estimate your payment, then get pre-qualified with a dedicated loan officer.