Glendale Federal Bank plans to offer a 30-year, fixed-rate or adjustable mortgage that can be used for a down payment.

The new loan will give low- and moderate-income borrowers a chance to finance up to 100% of a home's purchase price, the thrift said.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.