3% Down Mortgage

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Make Homeownership Possible with Just 3% Down*

Buying a home is a big step, but your down payment doesn’t have to be a big barrier. With HCCU’s 3% Down Mortgage, qualified homebuyers can purchase a home with as little as 3% down, * helping you keep more of your savings available for moving expenses, home improvements, and everything that comes with making a new house your home.

Details About Our 3% Down Mortgage

Ready to make your move? HCCU’s 3% Down Mortgage combines a lower upfront down payment with the stability of a fixed-rate home loan.

  • As little as 3% down
  • Finance up to 97% of the home's eligible purchase price or appraised value*
  • Fixed-rate and adjustable-rate mortgages
  • Available for eligible home purchases*
  • Local underwriting and decision-making
  • Personalized support from an experienced HCCU mortgage professional
  • Fast, streamlined mortgage process
  • No prepayment penalty
  • Competitive mortgage rates

Whether you're purchasing your first home or looking for a mortgage option that requires less cash upfront, our team can help you determine whether HCCU's 3% Down Mortgage is right for your situation.

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If you have any questions about loans and/or financing just reach out to us at [email protected] or by calling 916.364.1700.

Meet Patricia Jacobs - HCCU's Mortgage Lending Consultant

With more than 34 years of experience in the home lending industry, Patricia brings a wealth of knowledge, expertise, and professionalism to her role as a Lending Consultant at HCCU. Committed to delivering an exceptional service experience, she provides members with the information they need to confidently understand their options while guiding them to a solution that meets their goals.

916-212-9375

[email protected]

NMLS ID 1242505

FAQs About 3% Down Mortgages

Why Put Just 3% Down?
On a $400,000 home, a 3% down payment would be $12,000—$68,000 less upfront than a traditional 20% down payment of $80,000. Keep in mind that the down payment is only one part of the cost of buying a home. Closing costs, property taxes, homeowners insurance, mortgage insurance when applicable, and other expenses should also be considered. An HCCU Mortgage Lending Consultant can help you understand the complete picture.
Do I have to be a first-time homebuyer?
Eligibility requirements depend on the specific mortgage program. An HCCU Mortgage Lending Consultant can review your situation and help determine whether you qualify.
Will I have to pay mortgage insurance?
Mortgage insurance may be required when financing more than 80% of a home's value. The amount and requirements can vary based on the loan and borrower qualifications. Your HCCU Mortgage Lending Consultant can explain any applicable mortgage insurance costs before you move forward.
Can I get pre-approved before I find a home?
Yes. Getting pre-approved before you start shopping can help you understand your potential purchasing power and make a stronger, more informed offer when you find the right home.
Is the interest rate fixed?
Yes. HCCU's 3% Down Mortgage is a fixed-rate mortgage, providing a consistent principal and interest payment for the term of the loan. *

*All loans are subject to credit approval, membership eligibility, property eligibility, and applicable underwriting requirements. The 3% minimum down payment applies to qualified borrowers and eligible purchase transactions. Financing up to 97% loan-to-value may be available. Mortgage insurance may be required for loans exceeding 80% loan-to-value. Rates, terms, programs, and conditions are subject to change without notice. Additional restrictions may apply. Property taxes, homeowners’ insurance, mortgage insurance, and other costs may increase the total monthly payment. Contact Heritage Community Credit Union for complete program details.

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