MSCU Progressive Home Mortgage
A Mutual Security Credit Union mortgage for a first-time buyer, or someone who has not owned a home in three years, with 0% down, no PMI, and no published income restriction. It is limited to a primary residence, U.S. citizens or permanent residents, and a maximum $450,000 purchase price.
- Down payment
- 0% down and 100% financing, with no private mortgage insurance; maximum purchase price $450,000.
- Credit context
- MSCU does not publish a universal minimum score on the product page. Approval remains subject to underwriting and restrictions.
- Income rules
- No income restriction is published. MSCU membership, U.S. citizenship or permanent-resident status, first-time status, primary occupancy, and the $450,000 purchase cap apply.
Individual lenders set the interest rate, fees, mortgage-insurance treatment, and final approval requirements. Compare written Loan Estimates before choosing.
How repayment works
Your monthly housing payment usually includes principal and interest, and may also include property taxes, homeowners insurance, mortgage insurance, and association fees. Your lender’s written Loan Estimate and Closing Disclosure control the actual costs and terms.
A lower advertised down payment does not necessarily mean the lowest monthly payment or lowest total cost.
Who it may fit
A Mutual Security Credit Union mortgage for a first-time buyer, or someone who has not owned a home in three years, with 0% down, no PMI, and no published income restriction. It is limited to a primary residence, U.S. citizens or permanent residents, and a maximum $450,000 purchase price.
These are situations worth exploring, not a qualification decision.
What could rule it out
- The issuing body does not set a single credit floor; each lender sets its own.
- The issuing body does not impose an income cap.