Legacy Opportunity Loan
The opportunity you need.
the home you want.
Homeownership has never felt more out of reach – that’s exactly why we built this. The Legacy Opportunity Loan is a lending solution specifically designed to open doors that traditional mortgages keep closed.
Program Overview
Legacy Group Capital has released a limited number of new construction homes in Seattle, Bellevue, and Kirkland with access to an exclusive financing option. For qualified borrowers, the program offers a no down payment option, and Legacy will even cover some buyers’ closing costs.
Program Highlights
- No Down Payment Option
- Some Closing Costs Paid by Legacy
- New Construction Homes
- Limited Availability
Your Opportunity: Own for Less
Example financing based on a $899,950 home
$0
Down Payment Required
None
Mortgage
Insurance1
$0
Closing
Costs2
Traditional Mortgage
- Closing Costs2$51,495
- Down Payment$44,998
- Closing Costs$6,497
- Monthly Payment
- Principal & Interest$5,688
- (Note Rate: 7% APR: 7.378%)
- Mortgage Insurance1$427
- Taxes$702
- Insurance$210
- HOA$10
- Total Monthly Payment$7,037
- High cash out of pocket and ongoing mortgage insurance.
Legacy Opportunity Loan
- Closing Costs2$0
- Down Payment$0
- Closing Costs ($6,552 Paid by Lender)$0
- Monthly Payment
- 1st Mortgage Principal & Interest Payment$4,433
- (Note Rate: 6.25% APR: 7.75%)
- 2nd Mortgage Interest-Only Payment$975
- (Note Rate: 6.5% APR: 6.772%)
- Taxes$702
- Insurance$210
- HOA$10
- Total Monthly Payment$6,330
- Savings Opportunities:
$51,495 Less Closing Costs
$707 Less Per Month
No Mortgage Insurance
1 Private Mortgage Insurance (PMI): Required for down payments under 20%, increases monthly payments, and may be cancelable once loan-to-value reaches 80% subject to lender approval.
2 Estimated closing costs above includes required down payment. Legacy Opportunity Loan’s $0 Cash to Close Offer: Lender pays all non-recurring buyer closing costs for the financing. Buyer is responsible for any buyer’s agent’s fees and recurring costs that establish escrow accounts.
Rates and terms quoted effective as of August 12, 2026. Illustrative example only. Not a commitment to lend. Actual rates, payments, and tax outcomes vary by borrower, property, and program eligibility.
How it works
1
Request Your Call
Fill out the short form below and a loan officer will reach out within one business day.
2
Get Pre-Qualified
A loan officer will walk you through the program and confirm what you may qualify for – no pressure, no obligation.
3
Explore Eligible Listings
Once you’re pre-qualified, you’ll get access to view the new construction homes available under the program.
4
Make It Yours
If it’s the right fit, we guide you through every step from application to the day you get your keys
Legacy Opportunity Loan: Combined First & Second Mortgage Disclosure
Below is an example of a combined-financing structure for this home offered by Legacy Group Capital, LLC (“LGC”) referred to as the Legacy Opportunity Loan. Figures are estimates for illustration only and are not a commitment to lend.
Program Summary and Important Notices
The Legacy Opportunity Loan program is offered for eligible purchase transactions on LGC-approved properties. This disclosure describes an example combined-financing structure for a $899,950 home purchase using a Legacy Opportunity First Mortgage and a concurrently closed Legacy Opportunity Second Mortgage. This is not a commitment to lend. All loans are subject to credit approval, underwriting approval, property approval, market-rate qualification, state availability, and final loan terms.
- Program availability: limited availability; subject property must be prior-approved by LGC.
- Property requirements: residential property types only; LGC must have provided construction financing; property construction must be completed and certified for occupancy on or before settlement.
- No prepayment penalty: no prepayment penalties apply to either the senior or subordinate mortgage of a Legacy Opportunity Loan program.
- Exclusive lender: Legacy Group Capital, LLC is the exclusive lender on both the first and second mortgage for the Legacy Opportunity Loan program.
- Seller affiliation: LGC may be the seller, or affiliated with the seller, of some properties eligible for the Legacy Opportunity Loan program.
- No guarantee of refinance: LGC does not guarantee that the borrower will be able to refinance, sell, or otherwise satisfy the second mortgage balloon payment at maturity.
Example Financing Structure — $899,950 Purchase Price
- Purchase Price$899,950
- First Mortgage$719,960 / 80% Loan-to-Value (LTV), 30-Year Term, 5/6 SOFR Fully Amortized Adjustable Rate Mortgage (ARM)
- Second Mortgage$179,990 / 20% Loan-to-Value (LTV), 5-Year Interest-Only Fixed Rate with 10-Year Balloon Term
- Combined LTV100% CLTV — Permitted Only When the Legacy Opportunity Loan First and Second Close Concurrently
- Down Payment$0 — No Down Payment Required for Qualified Buyers
- Closing CostsBuyer's closing costs, excluding prepaid charges required to establish escrow accounts, are paid by the lender on the borrower's behalf. Borrower is responsible for prepaid costs at closing, including any buyer's agent's fees if applicable.
First Mortgage Disclosure — Legacy Opportunity Loan First Mortgage 3/6 SOFR ARM
The first mortgage in this example is a Legacy Opportunity Loan First Mortgage secured by a first-position deed of trust. The product is a 30-year 5/6 SOFR Adjustable Rate Mortgage (ARM) with fully amortizing monthly payments. The start rate is fixed for the first 5 years and may adjust every 6 months thereafter. Other term options may be available.
- Loan Amount$719,960
- Term30-Year Term / 360 Monthly Payments
- Loan Type5/6 SOFR ARM with Fully Amortized Payments
- Prepayment PenaltyNone
- Initial Fixed Period5 Years / 60 Months
- Adjustable Rate Period25 Years / 300 Months
- Rate Adjustment FrequencyAfter the initial fixed period, the rate may adjust every 6 months.
- Index30 Day Secured Overnight Financing Rate (SOFR) average, as published by the Wall Street Journal
- Margin5%
Added to the index to determine the fully indexed interest rate for the following period.
- Interest Rate Adjustment Caps (Initial / Periodic / Lifetime)2/1/5
Limits how much the fully indexed rate may increase or decrease initially, from one period to the next, or over the life of the loan.
- Floor Interest Rate6.25% (Start Rate)
Regardless of the fully indexed rate calculation, the interest rate will never be less than the floor rate.
- Start Rate / APR6.25% / 7.75%
- Initial Monthly Principal & Interest Payment (P&I)$4,433
- Maximum First Adjusted Monthly Principal & Interest Payment (P&I)$5,298
Assuming the Index + Margin at month 60 is >/= 8.25%.
- Estimated Taxes / Hazard Insurance / HOA Dues (T&I&A)$702 / $210 / $10
- Total Estimated Initial-Period Monthly First Mortgage Payment (PITIA)$5,355
Initial P&I plus estimated taxes, insurance, and HOA dues.
- Maximum Total First Adjusted Monthly First Mortgage Payment (PITIA)$6,220
Assuming the Index + Margin at month 60 is >/= 8.25%.
- Down Payment$0
- Closing Costs$5,112
Second Mortgage Disclosure — Legacy Opportunity Loan Second Mortgage, 5-Year Interest-Only Fixed Rate 30/10 Balloon
- Loan Amount$179,990
- Term / Maturity10 Years / 120 Months
- Loan Type5-Year Interest-Only Fixed-Rate Balloon Second Mortgage
- Prepayment PenaltyNone
- Note Rate / APR6.5% / 6.772%Interest rate is fixed for the life of the loan.
- Interest-Only OptionFirst 5 Years / First 60 Months
- Interest-Only Payment (Years 1-5)$975 (Interest-Only)
- Amortization Schedule30-Year Amortization Schedule; Years 6–10 / Months 61–120
- Total Amortization Period Payment (Years 6-10)$1,215
- Balloon Payment Due at Maturity$163,003 Due in Month 120
- Down Payment$0
- Closing Costs$1,440
Required Interest-Only & Balloon Risk Disclosure. During the first 5 years of the second mortgage, required minimum monthly payments may be interest-only. Interest-only payments do not reduce loan principal. Your principal balance will not decrease from making the minimum required interest-only payments, and you will not build home equity through those minimum payments during the interest-only period. Beginning in year 6, the second mortgage payment increases because minimum payments will include principal and interest calculated over the remaining 25-year amortization schedule. The second mortgage matures in 10 years; it is not a 30-year loan. A balloon payment of the remaining unpaid principal balance is due at loan maturity. You must be prepared to pay the balloon payment, refinance, sell the property, or use other funds at maturity. Refinancing availability is not guaranteed and will depend on then-current home value, interest rates, credit profile, income, debts, and available loan programs.
Combined Payment Disclosure Blocks
Years 1–5 / Months 1–60 — First ARM Initial Period + Second I/O Period. First mortgage initial principal-and-interest payment $4,433; second mortgage interest-only payment $975; estimated monthly taxes $702, homeowners insurance $210, HOA dues $10. Estimated combined monthly payment $6,330.
Years 6–10 / Months 61–120 — First ARM Adjustable Period + Second Amortizing Period. Beginning month 61, the second mortgage payment increases to include principal and interest. The first mortgage rate may adjust every 6 months after month 60. Estimated combined payment (first mortgage held at the start rate) $6,570. Estimated maximum combined payment at first ARM adjustment: $7,436. Estimated second mortgage balloon due at month 120 $163,003.
Traditional Mortgage Comparison Disclosure – 30-Year Fixed Rate Conventional Loan
For comparison, the traditional purchase-money loan in this example is an estimate of a conventional mortgage secured by a first-position deed of trust. The option shown is a fixed-rate 30-year mortgage, which requires private mortgage insurance (PMI) if less than a 20% down payment is made at the time of purchase.
- Loan Amount$854,953
- Term / Maturity30 Years / 360 Months
- Loan TypeFixed-Rate First Mortgage
- Amortization Schedule30-Year Amortization
- Prepayment PenaltyNone
- Note Rate / APR7% / 7.378%Interest rate is fixed for the life of the loan.
- Down Payment$44,998 (5% Down / 95% LTV)
- Closing Costs$6,498
- Monthly Principal & Interest Payment (P&I)$5,688
- Mortgage Insurance$427/mo
- Estimated Taxes / Hazard Insurance / HOA Dues (T&I&A)$702 / $210 / $10
- Total Estimated Monthly Mortgage Payment (PITIA)$7,037
Traditional Mortgage and Mortgage Insurance Disclosure. The required down payment for a conventional 30-year fixed mortgage may vary from 5% to 10% of the purchase price depending on the conforming loan limit applicable to the property; higher purchase prices may require as much as 10% down while lower purchase prices may require as little as 5% down. In all cases, if less than 20% is put down, private mortgage insurance (PMI) is required and adds to the monthly payment until applicable cancellation thresholds are met. Borrowers may qualify for other products not listed. Legacy Group Capital, LLC provides the best available mortgage product options to each applicant based on qualification.
General Buyer Qualification, Eligibility, and Consumer Risk Disclosures
- Credit and underwriting: all borrowers must meet LGC credit, underwriting, and qualification requirements.
- DTI qualification: borrowers must qualify using fully amortized, fully indexed repayment for any mortgage program, including taxes, insurance, and association dues where applicable.
- Taxes, insurance, and HOA: advertised payments may include estimated taxes and homeowners’ insurance if stated. Actual taxes, insurance, HOA dues, mortgage insurance, and other charges may vary and may increase over time.
Rates and terms quoted effective as of August 12, 2026. Legacy Group Capital, LLC, NMLS #99045. This is not a commitment to lend or an offer of credit. Advertised rates, payments, APRs, and program terms are subject to change without notice. All loans are subject to credit, underwriting, property, market-rate qualification, appraisal, documentation, and state availability requirements. Equal Housing Opportunity.
