0% Down. No PMI Mortgage Loan

Your first step to owning your own home

Are you or someone you know looking for a home? Do you need to save money for initial expenses?

Consumers has a program to get you in your home faster and keep more money in your pocket. The 0% Down Mortgage from Consumers helps qualified members purchase a home without a down payment and without paying private mortgage insurance (PMI). This mortgage program, open to residents of Michigan and select counties in northern Indiana, helps eligible homebuyers reduce upfront costs while maintaining access to competitive mortgage financing.

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Who is eligible for a 0% down mortgage?

Our 0%-down mortgages are available to a wide range of prospective homebuyers throughout Michigan and Northern Indiana, including:

  • First-time homebuyers
  • Repeat homebuyers
  • Qualified borrowers

 

0% down loan features
  • No money down (Yes! Gift $ is allowed to cover closing costs, etc.)
  • Budget friendly with NO PMI (private mortgage insurance)
  • No income limits
  • Reasonable underwriting criteria
Apply For A 0% Down Mortgage

Find helpful checklists, view mortgage rates or use our calculators to help begin planning for your purchase here.

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Meet the McKinleys - A 0% Down Mortgage Success Story from Consumers Credit Union on Vimeo.

Meet the McKinleys A 0% Down Mortgage Success Story

The McKinleys share their story about how owning a house became possible with a 0% Down Mortgage from Consumer Credit Union.

All loans subject to approval. Rates, terms, and conditions are subject to change and may vary based on credit worthiness, qualifications, and collateral conditions.