No Closing Cost Mortgage

No Closing Cost Mortgage Qualifying Conditions

Melaleuca Financial Services is a national, mortgage banking institution licensed to originate and fund loans in all 50 United States exclusively for all Melaleuca customers. A minimum loan amount for purchase mortgages is $80,000; and for second mortgages, consolidation loans, and home equity lines of credit the minimum amount is $50,000.

An exclusive offer for Melaleuca borrowers is a NO CLOSING COST MORTGAGE*. NO CLOSING COST MORTGAGES apply to borrowers meeting the following criteria:

1. Your first mortgage loan amount is equal to or greater than $150,000.
2. You must have a qualified credit profile meeting the following criteria:
   1. Middle FICO score equal to or greater than 630
   2. No bankruptcies in the past 7 years
   3. No other major credit derogatories in last 24 months
   4. No late mortgage payments in the last 12-24 months
3. You must both choose and then qualify for a conventional conforming fixed rate mortgage and put at least 5% down on the purchase.

Melaleuca Financial Services offers loans for borrowers not meeting the conditions for a NO CLOSING COST MORTGAGE. Those customers seeking adjustable rate mortgages and/or those with Middle FICO scores under 630 can contact Melaleuca Financial Services toll free for rate and payment quotes at 1.866.621.7183.

Construction loans, manufactured home loans, and mobile home loans are not available at this time.