Low Down Payment Mortgage - Down Payments as Low as 3% - DuPage Credit Union

LOW DOWN PAYMENT MORTGAGE

With only 3% down, it could be 100% yours.

Schedule a free appointment with a home loan expert today.

A Low Down Payment Mortgage may save you thousands versus FHA.

  • Down payments as low as 3% with loans from $50,000 to $832,750.
  • Unlike FHA, you won't pay upfront mortgage insurance premium (MIP) fees.
  • Only requires private mortgage insurance (PMI) until you have 20% invested in your home. FHA requires you to pay mortgage insurance every month for the entire life of your loan.1skip to disclosure
  • Available for a variety of fixed-rate mortgages.
  • We lend on primary, secondary, and investment properties nationwide except AK, AZ, HI, MA, NY, RI, VI, VT, and DC
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Why choose DuPage Credit Union for a Low Down Payment Mortgage?

  • Low mortgage rates, high member satisfaction. Read member reviews
  • You'll work with local home loan experts—from contract to closing and beyond.
  • Pay no application fee until you lock in your rate. You can lock in your rate for up to 60 days.2skip to disclosure
  • Homeowners insurance required.

  • Must have a Credit Union membership established and be in good standing. Rate, points, and Annual Percentage Rate (‘APR’) may be adjusted based on several factors including, but not limited to, state of property location, loan amount, documentation type, loan type, occupancy type, property type, loan-to-value and your credit score. Your final rate and points may be higher or lower than those quoted based on information relating to these factors, which may be determined after you apply. See current rates and payment examples. Maximum loan-to-value varies based on multiple factors, including but not limited to, loan type, property type and occupancy type.

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  • PMI will drop automatically at 78% LTV, but may be requested in writing once your loan hits 80% LTV from the original value.

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  • The rate lock period is 60 days.

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  • Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We can not and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

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