No Closing Cost Mortgage Financing

Whether it’s your first home or your sixth, we can help make the buying process much easier with our no closing cost mortgage. True to its name, you pay no closing costs. That alone can reduce your upfront costs on a new home by thousands of dollars. You can use that money to help pay your down payment and possibly eliminate the need for private mortgage insurance. You could use the extra cash for moving costs or redecorating your new home. Use it for whatever you want—it’s up to you. But you can be certain your dedicated mortgage banker will help you through the entire application and approval process. We’ll have your back, every step of the way. Ready to take the first step? Get in touch with our mortgage team, or start your mortgage application online now.

The No Closing Cost option is valid on most owner occupied, 1–4-family residential properties. Property and hazard insurance are required and are the responsibility of the borrower. For mortgages with less than 20% down payment, Private Mortgage Insurance (PMI) may be required and customer is responsible for PMI premiums. Other applicable fees/charges, including deed stamps or deed transfer taxes, are not mortgage closing costs and will not be paid by the Bank. If a customer elects to obtain owner title insurance, the customer is responsible for the owner title insurance premium. Condominiums and single-wide mobile homes are not eligible for a no closing cost mortgage. Double-wide mobile homes are eligible for the no closing cost mortgage only if permanently attached to a foundation. Should the no closing cost mortgage be closed or discharged within the first three years, the Bank may collect the third-party closing costs from the customer that were waived when the loan was opened. If a customer selects an attorney to represent him/her, customer is responsible for attorney fees. Community Bank will not pay for a survey, nor any other item that is ordinarily paid for by the seller. ADDITIONAL “NO CLOSING COSTS” PRODUCT DISCLOSURE: “No closing costs” means no: origination fee/points; application fee; flood check fee; credit report fee; appraisal fee; mortgage recording fee; abstract update or title search fee; lender title insurance fees; bank attorney fee; mortgage recording tax.

Mortgage Calculator

Homebuyer's Checklist

Mortgage Application Checklist

Apply for a Mortgage

Download your Homebuyer's Kit

"We’re so happy we chose this bank for our first mortgage. We had a very tricky situation and Kathy was absolutely wonderful. She was very caring and hardworking and helped us achieve a happy ending."

Jamestown, NY