Low Down Payments

3% Down!

The CU Promise 97 loan finances 97% of the sale price (or appraised value, whichever is less). That means you only need 3% for a downpayment!

Not everyone can qualify for this loan. But if your credit is excellent and you and your property meet some guidelines, the CU Promise 97 loan eliminates the need for a giant downpayment. Would you like to spend less cash out of pocket? Then ask us about the 3% downpayment option.

For details, terms, and conditions, please contact us or speak to your CU Promise loan officer.


10% Down with No PMI!

The CU Promise 90 loan offers the most flexibility in terms of type of property (it can be used for a second home) and credit score. So if you have a little more money to put down, this may be your best bet. And, it is still just half of the traditional downpayment requirement of many loans (20%).

But perhaps the biggest advantage of the CU Promise 90 is that it does NOT require Private Mortgage Insurance (PMI)! That means your monthly payment goes farther! Ask your CU Promise loan officer for details about how PMI works and how you can save with the CU Promise 90 loan.