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 $647,200.
  • 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?

  • 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. Maximum loan to value varies based on multiple factors, including but not limit 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 50 days.

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  • The Preferred Realtor Network was previously known as the Residential Rebate Program. Rebates are awarded to existing Members who complete their closing of a qualified conventional purchase and/or sale within the state of Illinois with an approved Real Estate Professional as part of DuPage Credit Union’s Preferred Realtor Network. Rebates of $250 will be given to Members with a home purchase price of under $200,000; a rebate of $500 will be given for homes with a purchase price of $200,000 or more. Preferred Realtors Service is only available for mortgages serviced by DuPage Credit Union. Some restrictions may apply.

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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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