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Zero Down Purchase Program

No Down Payment. No Problem.

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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.


Meet Our Mortgage Loan Officer

Michelle Dzon is authorized to act as an agent on behalf of People Driven Credit Union. Contact her for personalized assistance with your mortgage needs.

Michelle Dzon

Michelle Dzon

Member First Mortgage, LLC (MFM)
michelle.dzon@memberfirstmortgage.com
616-301-1714 | NMLS ID: #401292 | People Driven Credit Union NMLS ID: #776727


 

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

  • 100% financing on primary residences

  • No Private Mortgage Insurance (PMI)

  • Loan amounts up to $350,000

  • Fixed-rate and ARM options available

  • Competitive interest rates with no special LLPAs

  • Origination fee: 1.5% of the loan amount

  • Minimum credit score: 740

  • 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:


Meet Our Mortgage Loan Officer

Michelle Dzon is authorized to act as an agent on behalf of People Driven Credit Union. Contact her for personalized assistance with your mortgage needs.

Michelle Dzon

Michelle Dzon

Member First Mortgage, LLC (MFM)
michelle.dzon@memberfirstmortgage.com
616-301-1714 | NMLS ID: #401292 | People Driven Credit Union NMLS ID: #776727


 

Disclosures

Equal Housing Lender logo

Equal Housing Lender. Member First Mortgage, LLC (MFM) NMLS ID# 149532. All loans are subject to credit approval. Terms and conditions apply. Program availability is subject to change without notice.

Available to all members using a conventional mortgage loan program on a purchase transaction with People Driven Credit Union in the State of Michigan. Not eligible on multi-unit properties, condos, townhomes, or manufactured houses. The Loan Example is current as of 9/9/2025 and based on a $200,000 loan amount with a conventional 30-year fixed rate term (360 monthly principal and interest payments of $1,231.43); 0% Down Payment; 6.25% Interest Rate with an Annual Percentage Rate (APR) of 6.465%. Rates quoted assume excellent borrower credit history. Payment example does not include taxes and insurance; the actual payment obligation will be higher. The cost of Private Mortgage Insurance (PMI) is waived as part of this promotion, to be paid by the Lender. This is not a commitment to lend. All lending products are subject to credit and property approval. Additional restrictions may apply. Member First Mortgage, LLC (MFM) is a partner of People Driven Credit Union. Michelle Dzon #401292, is authorized to act as agent of People Driven Credit Union (24333 Lahser Road, Southfield, MI 48033 | (248) 263.4100 | NMLS ID: 776727) and is authorized to represent Member First Mortgage, LLC, a licensed Mortgage Lender/Servicer (Corporate Office: 616 44th Street SE, Grand Rapids, MI 49548 | (616) 538.1818 | NMLS ID: 149532). For licensing information, please visit www.nmlsconsumeraccess.org. Equal Housing Opportunity.

SAFE Act Compliance Testing:
We conduct annual independent testing of our mortgage compliance in accordance with the SAFE Act (Reg G) requirements.

All other trademarks are the property of their respective owners.

Equal Housing Lender logo People Driven Credit Union is an Equal Housing Opportunity Lender NMLS #776727

Membership Requirement:

All accounts and loans require membership at People Driven Credit Union. Membership is available to individuals who live, work, worship, or attend school in the State of Michigan, as well as relatives of current members. To complete an application for any account or loan, you will need the following information:
  • A valid Driver's License, State ID, or Passport with your current address
  • Your Social Security Number
A Membership Share Savings Account is required to establish membership at People Driven Credit Union. A $5 deposit secures your ownership share in the credit union and unlocks access to our full suite of products and services. This account earns 0.01% APY with a $5 minimum deposit.

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