Texas Mortgage Lending, powered by CUTX

5% Down No PMI Mortgage Loans in Texas

Want to buy a home in Texas with a smaller down payment and no private mortgage insurance? This option may help you move forward sooner and keep your monthly payments lower than with a similar loan that requires PMI¹.

If you qualify, you may be able to put down just 5% and borrow up to 95% of your home’s value. Our Texas-based mortgage team will guide you through every step.

A couple standing by a moving box, with smiles on their face and house keys in hand

5% Down Mortgage Without PMI (private mortgage insurance)

This mortgage option helps make buying a home more affordable by offering a lower down payment and no private mortgage insurance. Take a look at the main details below to see how the program works, what costs you’ll need to cover, and where you might want extra help.

When a 5% Down No PMI Mortgage Could Be a Good Choice

This kind of mortgage is worth considering if you want to buy a home sooner, without spending years saving for a bigger down payment. It’s especially helpful for buyers who want to keep upfront costs low and avoid paying extra each month for PMI.

First-time buyers with limited savings
This option works well for people who want to buy a home without needing a big down payment.
Buyers looking for lower monthly payments compared to loans with PMI
Not having to pay PMI each month can help free up money in your budget.
Households trying to keep more cash on hand after closing
A smaller down payment can leave you with more money for things like furniture, home improvements, moving costs, or building your savings back up.
Buyers who want to understand what they can afford early on
Talking to a lender about prequalification can help you see what price range fits your budget before you start house hunting.

A happy couple sitting on a couch and laughing together, with a laptop in front of them and moving boxes in the background

Buy with as Little as 5% Down

Qualified buyers may be able to purchase a home with a 5% down payment instead of waiting to save much more upfront.

Let's See if you Qualify!

Skip Private Mortgage Insurance

This mortgage option does not require PMI, which may help keep your monthly payment lower than a similar loan with it.

Start Today!

Borrow Up to 95% of the Home Value

Eligible borrowers may be able to finance up to 95% of the home’s value, which can reduce the amount of cash needed at closing.

Let's Talk!

A Helpful Option for First-Time Buyers

This is a strong option for first-time buyers without a large down payment saved.

Start Your Homebuying Journey

Keep More Cash Available After Closing

A smaller down payment may leave more money for furnishings, renovations, or moving costs.

Get Guided Support from Start to Application

Starting with a free consultation, work with a mortgage team that answers questions and clarifies the next steps.

We're Here To Help

NMLS #576560 Credit Union of Texas provides mortgage loans through its affiliate Texas Mortgage Lending, LLC, NMLS #1641703. CUTX home loan programs are only available in Texas. Loans are subject to credit approval, CUTX’s lending policies, and property approval. Traditional closing costs apply. Additional terms and conditions may apply. Prequalification is not a commitment to lend. Membership required.

¹ LTV = Loan to Value. PMI = Private Mortgage Insurance. NMLS #576560 Credit Union of Texas provides mortgage loans through its affiliate Texas Mortgage Lending, LLC, NMLS #1641703. CUTX home loan programs are only available in Texas. Loans are subject to credit approval, CUTX's lending policies, and property approval. Prequalification is not a commitment to lend. Traditional closing costs apply. Membership required.

Title Goes Here