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Right now, get a $1,000 closing cost credit. No fine print.

First-Time Home Buyer Program

Designed for new
home owners in mind.

What is the First-Time Home Buyer Program?

Let us help you purchase your first home

Reduced Closing Costs
Receive a $1,000 closing cost credit when you finance the purchase of a home with Credit Union ONE.
No Private Mortgage Insurance (PMI)
Save more monthly with no PMI required!
Lock in your Interest Rate
Lock in your interest rate for the first three months while you shop for your perfect home!
First Time Buyer Loan Amount
Loan amounts up to $400k
Flexible Terms
Variety of home loan terms from 10, 15, 20, and 30 Year available.
Fixed Rates only.
First Time Housing Requirements
For primary residences or owner occupied.
Get your First-Time Home Buyer Loan today.
Apply Now

Understanding the Mortgage Process

Related Resources

Find all the helpful tools you need in our Mortgage Center.

Credit Union ONE is owner-partner of Member First Mortgage.

What is the minimum age to buy a house?

A person can qualify to buy a house at the age of 18 if they meet other criteria such as debt-to-income ratio, credit score, etc.

How much do I need for a down payment?

This program allows you to put down as little as 5%. However, if you put 20% down, then you immediately have equity in your home as soon as close. This is beneficial to if you plan to refinance or sell within a few years. A larger down payment can generally lead to a lower monthly payment and a better interest rate. Our Mortgage Lenders will work with you to find the best options for you budget. 

What is the first thing I should do if I'm a first-time home buyer?

Our team of licensed and experienced professionals will combine their experience with your goals to find a unique financing solutions that fits. Get a fast pre-approval when you contact us today so you know your budget before beginning your home search.

If I've owned a home before, will I be able to qualify for first-time home loan programs?

Yes! If you haven't owned a home in 3 years or more, you may still qualify for this loan.

Do I need a Realtor to buy my first house?

If you are looking to purchase your first home, we highly recommend contacting a Realtor. Having a Realtor working for you and not the seller will ensure you are the top priority. Your Realtor will guide you every step of the way on what to do next so that you get the home of your dreams. If you want to start with a Realtor who has proven results with members, ask our Mortgage Lenders for recommendations.

What is Private Mortgage Insurance (PMI)?

Private mortgage insurance (PMI) is a form of mortgage insurance that may be required with certain types of loans. If you default on your loan, PMI protects your lender. For this program, PMI is not required!

*APR=Annual Percentage Rate