5% Down No PMI

Have your heart set on a new home? With our buyer-friendly loans, you can make that move without years and years of saving.

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

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and Saturday 10AM - 2PM CST

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Exclusive Benefits Include

Great Rates

Reduce your long-term interest payments with our affordable fixed-rate.

First-Time Buyers

Get prequalified* with one quick phone call, you can find out how much you can afford. That makes your house-hunting less complicated.

Apply Online

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.

The right mortgage is the key to good living.

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Mortgage Payment Calculator

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Financial Calculators 

*Information and interactive calculators are made available to you as self-help tools for your independent use. We do not guarantee the accuracy of the calculators or their applicability to your circumstances. You may contact us so that we may provide you with even more details and information about our products.

5% Down No PMI Mortgage FAQs

Unlike most other lenders, we offer an option to only have a 5% down payment on a 95% LTV mortgage with no personal mortgage insurance (PMI). Everyone's situation is different, so it's best to connect with our mortgage lending team so we can help you find the right home loan for your situation.

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.

Get started above, or give us a call! A consultation with one of our mortgage lending specialists will lead to you getting pre-qualified for a loan. Our mortgage lending team can find out what loan amount you may qualify for and help you pick the best type of loan for you to buy the home of your dreams. They can also help you create a strategy for coming up with a down payment and getting your finances in order as you work towards buying your new home.


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The stuff, loan team and customer service were very helpful throughout my car loan process. Credit Union of Texas was able to offer me the best rate available for my vehicle. I would highly recommended CUTX to all of my friends and family.
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*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.