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3% Down Payment Mortgage Loans

Mortgages & Home Loans

Buy your home with just 3% down.1 We’ll cover the other 97% now, and you’ll pay it off with fixed monthly payments you can handle over the years.

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Product Details

  • Fixed-rate conventional home loan
  • Finance up to 97% of the purchase price/appraised value, whichever is less
  • Down payment may come from gift funds.
  • Seller can pay up to 3% of closing costs.

 

1 Purchase mortgage is a fixed rate, with a 30-year repayment and 3% down. Annual percentage rate (APR) as of 1/2/2026 is 6.531%. Example: A $200,000 purchase price with a $6,000 (3%) down payment and $194,000 financed at 6.375% fixed (interest?) rate with 6.531% APR would result in a monthly payment of $1,210.69 for 360 months. Sample payment only includes principal and interest; actual payments may be greater. Other restrictions may apply, for full details speak with a Credit Union of America (CUA) Loan Officer.