NASA Federal Credit Union is offering first time home buyers in the Maryland, Virginia and Washington, D.C. area a $0 down loan for loans up to $650,000 in a program called High Loan to Value Mortgage. This program also offers refinance of a primary residence. Loans up to $850,000 are also available with just 5% down. No mortgage insurance is required under these programs. Offers are available for non credit union members, but only borrowers with outstanding credit scores will qualify. Check their website for additional programs.
source: Wall Street Journal
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