Our goal is to make your dream home purchase far more affordable through a smaller down payment and no private mortgage insurance (PMI)*.
- Ideal option for first-time buyers who don't have a lot of savings
- Borrow up to 95% of your new home's value
- Qualify for a loan with a down payment of just 5%
- With no private mortgage insurance, your monthly loan payments will be lower
- Use extra cash for furnishings, renovations or to rebuild your savings
Exclusive Benefits Include
Reduce your long-term interest payments with our affordable fixed-rate.
Get prequalified* with one quick phone call, you can find out how much you can afford. That makes your house-hunting less complicated.
Our digital tools allow you to handle most of your paperwork electronically, and our lending team will be available to answer any questions.
No Private Mortgage Insurance
This is a big component because it means you save money every month when you're not paying PMI.
Low Down Payment
It's easier to get into your home because you don't need to save up as much money for upfront costs.
Preferred Realtor Program
Work with one of our preferred professionals and you'll get cash back to reduce your closing costs.
5% Down No PMI Mortgage FAQs
Along with the down payment and monthly payment, you have:
- Closing costs, which may be between 1% and 5% of the loan
- Property taxes
- Home insurance
Plus, as a homeowner, you’re responsible for upkeep and maintenance, so it’s a good idea to have extra money budgeted for those expenses.
We're Here To Help
Schedule your appointment with a loan officer today
We have several convenient locations in North Texas. Come see us!
*LTV = Loan to Value. PMI = Private Mortgage Insurance. NMLS #576560 Credit Union of Texas provides mortgage loans through its affiliate Texas Mortgage Lending, LLC, NMLS #1641703. CUTX home loan programs are only available in Texas. Loans are subject to credit approval, CUTX's lending policies, and property approval. Prequalification is not a commitment to lend. Traditional closing costs apply. Membership required.