Saving for a down payment can delay your dreams of homeownership—but it doesn’t have to. People Driven Credit Union’s Zero Down Purchase Program gives you the power to buy a home with up to 100% financing. Whether you’re a first-time buyer or just starting over, this program helps you skip the savings struggle and start building equity now.
Membership and eligibility requirements apply, with approval subject to application, credit, and property considerations.
How the Zero Down Program Works
Qualified buyers can finance the full purchase price of a home—meaning you don’t need a down payment to get started. With fixed and adjustable-rate mortgage options available, you’ll have the flexibility to choose what fits your life and your budget.
Key Benefits
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100% financing on primary residences
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No Private Mortgage Insurance (PMI)
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Loan amounts up to $350,000
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Fixed-rate and ARM options available
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Competitive interest rates with no special LLPAs
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Origination fee: 1.5% of the loan amount
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Minimum credit score: 740
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Maximum debt-to-income ratio: 37%
Mortgage insurance may be required based on borrower profile. Applications accepted beginning July 22, 2025. Program availability is subject to change without notice.
Who’s Eligible?
This program is open to both first-time and repeat homebuyers purchasing a primary residence. Available statewide in Michigan. If saving for a down payment has been holding you back, this could be your opportunity to finally own a home.
Let’s Get You Home
Don’t let a down payment stand between you and your new home. The Zero Down Purchase Program is designed to help you move forward with confidence—and without the upfront cost. We’re here to walk you through every step.
Contact us today to speak with a lending expert and start your path to homeownership: