Zero Down No PMI Home Loan
With WEOKIE’s Zero Down No PMI Home Loan, you can buy a home with no down payment and no private mortgage insurance (PMI). That means less upfront cost, lower monthly payments, and a more affordable path to homeownership. Homeownership should feel possible—not out of reach.
Benefits of a WEOKIE Zero Down No PMI Mortgage
No Down Payment
Skip the years of saving and move forward sooner.
No PMI
No monthly private mortgage insurance (PMI) means more of your money stays in your budget each month.
No Income Restrictions
No income caps here—more buyers qualify than you might think.
Zero Down No PMI
Less Cash Upfront. More Opportunity.
For many buyers, the biggest hurdle isn’t the monthly payment—it’s coming up with the cash upfront.
This loan was built to remove those barriers.
This program uses two loans to finance 100% of your home purchase:
A primary mortgage for most of the home’s value
A second loan to cover the rest
Together, these loans eliminate the need for a down payment and help qualified buyers avoid monthly PMI costs—making it easier to buy sooner without draining your savings.
You don’t need to be a first-time buyer to qualify—just ready to purchase a primary residence in Oklahoma.
*Available for primary residences only (not second homes or investment properties).
Built for buyers who are ready for more.
✓ Ready to stop renting and start building equity.
✓ Haven’t been able to save a large down payment yet.
✓ Been told you make “too much” for traditional assistance programs.
✓ Buying again after life changes or a fresh start.
And with local servicing and expert guidance from WEOKIE, you’ll have a team you can count on from application to closing.
Homeownership doesn’t look the same for everyone
— and your mortgage options shouldn’t either.
There’s no one “right” way to buy a home, but there should be an option that meets you where you are.
Make homeownership feel more within reach
Make the process easier to navigate
Make buying a home feel more possible
Here’s How To Apply for Our Zero Down No PMI Mortgage
Step 1
Apply Online:
Gather your information and documents, then use our simple and secure portal to get started.
Step 2
Get Pre-Qualified:
We'll look at your financial situation and offer you a likely loan amount and rates for your Zero Down No PMI Home Loan.
Step 3
Find A Home:
With your financing ready, you can go house hunting with confidence and we'll help you close.
"WEOKIE was absolutely amazing during the home buying process. Not only did they find a great program I was eligible for, they helped with buying a home that worked perfect for our family. They made the process easy from start to finish, answered all questions in a timely manner, and went above and beyond for us. Our loan officer was amazing and worked with our schedule and did her best to accommodate us. I highly recommend WEOKIE to anyone needing a home loan. They made the process easy and stress-free!"
Brooklyn Brisendine
Ready to Take the Next Step?
Whether you’re just exploring or ready to move forward, we’re here to help you understand your options.
Talk with a mortgage specialist today
M-F: 8:30am - 5:30pm (CT) | Sat: 9:00am - 12:00pm (CT)
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Start the conversation whenever it works best for you.
Need Help Beyond the Mortgage?
First Rate Title Company
In search of quick and affordable title services? First Rate Title is a full-service title company owned and operated by local credit unions - including WEOKIE.
MemberHaven Insurance Agency
Looking for great coverage at a great value? MemberHaven provides insurance coverage that is tailored to your needs and represents the best value.
FAQs
PMI is a monthly insurance premium typically required when your down payment is under 20%. It protects the lender if you default — not you or your home. It's usually rolled into your monthly payment, which means it adds to your costs without building any equity. The WEOKIE Zero Down No PMI Home Loan eliminates it entirely.
This loan uses a two-part structure. The primary mortgage is a fixed-rate loan with a term of up to 30 years, with a rate that follows our Fannie Mae 30-year fixed rate — so your interest rate and monthly payment stay the same for the life of the loan, no surprises. The second loan has a term of up to 10 years, with a rate equal to our 120-month Home Equity Loan rate plus 0.5%.
This program combines two loans to cover 100% of your home purchase. The primary mortgage covers 80% of the home's value, and a second loan covers the remaining 20%. Together they eliminate the need for a down payment while keeping your financing structured and manageable.
The combined maximum for both loans is $1,000,000 — up to $800,000 on the primary mortgage and up to $200,000 on the second.
No. This loan is open to any eligible WEOKIE member purchasing a primary residence in Oklahoma, whether it's your first home or not.
No. This program is for primary residences only.
You can apply directly online. A loan officer will reach out after you apply to walk you through the details and make sure this program is the right fit for your situation.
Yes. WEOKIE retains servicing on all our loans so you will always know who you're dealing with.
You'll need your Social Security Number, a government-issued ID, and proof of your physical address. You'll also need to provide proof of income and employment information. If you're an existing member, you can speed up the process by applying directly through WEOKIE Online Banking.