No Closing Cost Loans
A No Cost loan can be the smarter, faster way to save thousands. Raising your interest rate by as little as .25% can save you thousands of dollars over the life of your loan…starting the very first month after you close! While these mortgages may be an excellent choice for some borrowers, they are not for everyone. Our loan officers will help you evaluate the No Cost options so you can make an educated decision regarding your mortgage.
With DNJ Gateway Bank Mortgage’s No Cost loan program, there are no points, no origination fees, and no loan-related costs of any kind, guaranteed.
All closing costs, including appraisal, credit report, lender fees, settlement fees, title insurance, recording fees, courier fees, and any others, are paid by DNJ Gateway Bank Mortgage. These costs are not “rolled into” your loan balance. You will not be surprised by hidden costs at closing!
We Pay These Mortgage Fees So You Don’t Have To:
The Break-Even Analysis: The Key to Evaluating the No Cost Loan
- Loan Term
- Loan Amount
- Interest Rate
- Monthly Payment
- Closing Costs
- Years to Break Even
- 30 Year Fixed
- $0 Costs
- Save the first month
Note: While savings and break-even are typical, these may not be market rates.
- 30 Year Fixed
A No Cost loan can result in bigger savings and better results for you, but remember that each borrower’s needs and situation is unique. A No Cost loan may not be your best mortgage solution. The No Cost loan program is not available to all borrowers or on all loan programs.You should review your situation with one of our experienced loan officers to evaluate your options.
The Closing Costs We Pay (& The Fees We Don’t Pay)
A loan with DNJ Gateway Mortgage will have no hidden costs or fees. We understand that you may only do 2 or 3 mortgage loan transactions in your lifetime, so we’re committed to helping you understand all aspects of your loan transaction. Our experienced loan officers will answer your questions and review your options with you. Below we show you in detail the costs we pay and those other charges that we do not pay.
Three Categories of Closing Fees:
Read below to learn more about each category:
Ready to purchase or refinance with a No Cost loan?
We’ve earned the trust of homeowners across the Southeast and Mid-Atlantic – Let us earn yours!
DNJ offers mortgages in Delaware, Florida, Georgia, Maryland, North Carolina, South Carolina, Tennessee, Texas, and Virginia. Call today!