Buying your first home can feel overwhelming. Between saving for a down payment and budgeting for private mortgage insurance (PMI), it’s easy to feel like homeownership is just out of reach.
At Credit Union of America, we believe you deserve a clear, affordable path to owning your home in Kansas. That’s why we offer a Zero Down, No PMI Home Loan. It’s designed to help you buy a home without the wait, the stress, or the extra fees.*
What Is a Zero Down, No PMI Home Loan?
This is a fixed-rate mortgage that allows qualified members to:
- Buy a home with no down payment
- Skip monthly PMI costs
- Choose from 15-, 20-, or 30-year terms
- Enjoy predictable monthly payments
- Lock in a competitive rate
This loan is especially helpful for first-time homebuyers in Kansas who are ready to stop renting and start building equity.
What Is PMI and Why Does It Matter?
PMI is usually required when a buyer puts down less than 20% as a down payment. It protects the lender, not the buyer, and can add hundreds of dollars to your monthly payment.
With our Zero Down, No PMI Home Loan, you can avoid that extra cost. That means more money stays in your pocket each month and you can focus on your new home, not extra fees.
Do You Actually Need 20% Down to Buy a House?
No, that’s a common myth. While many traditional lenders require a large down payment, Credit Union of America offers options that make homeownership more accessible.
If you qualify, you can buy a home in Kansas with no money down and no PMI. That means you can stop waiting and start moving forward.
Who Can Apply?
This loan is available to qualifying members purchasing homes in Kansas. It’s ideal for:
- First-time homebuyers
- Renters ready to become owners
- Buyers who want to avoid draining their savings
You’ll need a strong credit history, steady income, and a manageable debt-to-income ratio. Not sure if you qualify? Our mortgage experts are happy to help you review your options.
How to Get Started
Applying for a Zero Down, No PMI Home Loan is simple. You can start your application online and get personalized support from our mortgage team whenever you need it.
To make the process smoother, it helps to have a few documents ready:
- W-2s from the past two years and your most recent pay stubs
- Tax returns (1040s) from the past two years, if you're self-employed or earn commission income
- Two recent statements from your checking or savings accounts
When you're ready, apply online or learn more about the loan process on our website.
Why Choose Credit Union of America?
We’re not just a lender; we’re your partner. As a credit union, we put members first. That means:
- Transparent terms
- Friendly guidance from local mortgage experts
- Local underwriting and servicing
- A commitment to helping you succeed
We’re here to make the homebuying process easier, not harder.
Let’s Get You Home
You don’t need a big down payment or extra monthly fees to buy a home. With Credit Union of America’s Zero Down, No PMI Home Loan, you can take the first step toward homeownership with confidence.
Apply online or schedule a chat with a friendly mortgage expert today — we’re here to answer your questions and guide you home.
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