A down payment is an upfront payment made when obtaining a mortgage to purchase a home. The required down payment amount can vary depending on factors such as the loan program and your financial circumstances. Members Credit Union will provide specific guidance on down payment requirements based on our loan options. Typically, down payments range from 3% to 20% of the home's purchase price. For personalized information on down payment requirements, it is best to contact Members Credit Union directly. We will assist you in understanding the down payment needed based on our mortgage programs and your financial situation.