Buying your first home is a big deal. We’re here to make it feel exciting, not overwhelming. With flexible first-time buyer programs, low-down-payment options, and dedicated experts by your side, we’ll help you feel confident every step of the way.
We’re here to help you understand your options, navigate the process, and move forward with confidence.
| Mortgage Program | Description | Loan Purpose | Loan Type | Minimum Credit Score | Down Payment | Down Payment Gifts | Mortgage Insurance | Income Limit |
|---|---|---|---|---|---|---|---|---|
BCU SmartbuyerTM | Adjustable-Rate Mortgage (ARM) with easy qualifications and no mortgage insurance required | Purchase | Adjustable-Rate Mortgage (ARM) | 650 | 3% | 100% gift funds allowed | Not required | None |
FHA Mortgage | Backed by the Federal Housing Administration (FHA) with low down payment and minimum credit score requirements | Purchase or refinance | Fixed | 620 | 3.5% | 100% gift funds allowed | Upfront and monthly. Not cancelable for less than 10% down payment | None |
Fannie Mae HomeReadyTM | Financed through the Federal National Mortgage Association (Fannie Mae) and offer reduced down payment and mortgage insurance options | Purchase or refinance | Fixed and ARM options | 620 | 3% | 100% gift funds allowed | Standard monthly. Cancelable at 80% loan-to-value | Possible income limitations |
Buy your dream home today and look toward a better rate tomorrow! Refinance with the Credit Union within 36 months of closing and you’ll receive a credit of up to $1,050* to cover lender fees.
Start your home search with confidence. Connect with a local agent and save up to 20% on their commission when you close.
Stand out in a competitive market. Pre-approval shows your buying power and gives you an edge when it’s time to make an offer.
Get familiar with key milestones in the home loan journey, with trusted experts by your side every step of the way.
First home? We’ve got you. From pre-approval through closing, your Credit Union makes the process smoother, simpler, and less stressful.
First-time buyers: Save up to $1,050 on lender fees* with a qualifying mortgage application 7/1–8/31, 2026. Choose Buy Now, Refi Later and save an additional $1,050 when you refinance!
