So you are not a veteran but would like to have 100 percent financing AND no MORTGAGE INSURANSE PREMIUMS? That means NO MONEY DOWN and NO PMI. I know of two credit unions doing this. The first is Navy Federal Credit Union. It is an Armed Forces bank.

Eligibility Requirements
Navy Federal's field of membership is determined by the National Credit Union Administration. If you fall under any of these categories, you're eligible to join:
Department of Defense (DOD)
Uniformed Personnel
Army, Marine Corps, Navy, and Air Force Active Duty retirees, and annuitants
United States Coast Guard Personnel
including Active Duty, reservists, civilian employees, retirees, and annuitants
Department of Defense Reservists
Army, Marine Corps, Navy, and Air Force retirees and annuitants
Army and Air National Guard Personnel
civilian employees, retirees, and annuitants
Delayed Entry Program (DEP) Personnel
Please call 1-888-842-6328 to apply
DOD Officer Candidate Programs
Midshipmen and cadets at the United States Naval Academy. United States Military Academy. United States Air Force Academy. United States Coast Guard Academy and the United States Merchant Marine Academy. Other office programs.
U.S. Government Employees Assigned to DOD Installations
including Coast Guard
DOD Civilian Employees
including retirees and annuitants
DOD Contractors Assigned to U.S. Government Installations
Family Members
including grandparents, parents, spouses, siblings, grandchildren, children (including adopted and stepchildren), and household members. Once your family members have joined, their family members are also eligible for membership.

Here is the mortgage program I'm talking about.

HomeBuyers Choice Mortgage

With 100% financing for purchases, a HomeBuyers Choice Mortgage is ideal for first-time homebuyers.

  • No down payment required
  • Fixed-rate terms available
  • No Private Mortgage Insurance (PMI) required
  • Seller contribution up to 6% allowed
  • Jumbo loans amounts available up to $1,000,000
  • Refinance options also available (maximum loan-to-value 97%)