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 $548,250.
  • 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 on fixed-rate mortgages up to 30 years.
  • We lend on primary residences.
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Why choose DuPage Credit Union for a Low Down Payment Mortgage?

  • Low mortgage rates, high member satisfaction. Over 120 5-star experiences
  • You'll work with local home loan experts—from contract to closing and beyond.
  • Pay no application fee until you lock in your rate. The lock in rate is 50 days.2skip to disclosure
  • Save up to $500 by using one of our Preferred Realtors.

How does our Low Down Payment Mortgage compare to FHA?*skip to disclosure

You'll save $67/month while paying mortgage insurance and $200/month after mortgage insurance is no longer required.
That's a savings of $60,000 over the life of a 30-year loan.

Low Down Payment MortgageFHA Loan
Purchase Price$200,000$200,000
Down Payment3% Down = $6,0003.5% Down= $7,000
Upfront MIP$01.75% Upfront MIP = $3,378
Loan Amount$194,000$196,378
Estimated Rate4.50%4.25%
Principal/Interest Payment$983$966
Monthly Mortgage Insurance$133.00 until 20% paid (80% LTV)$217.00 for life of the loan
Monthly Payment$1,116$1,183
  • Homeowners insurance required. Single-Family homes only in Illinois. Does not include 2-4 flat or apartment complex financing. Max Loan to Value (LTV) is 85% for Purchase, 75% Refinance or Cash-out Refinance for up to four properties. Other restrictions apply to more than four financed properties. Consult a tax adviser regarding deductibility of interest. Must be a Member in good standing. Other restrictions may apply.

  • 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 50 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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