First-time home buyer program
Let’s make owning a home a little easier.
We’re here to help
Buying a home is a big decision, emotionally and financially. But you don’t have to do it alone, and it doesn’t have to be difficult or stressful. If you’re looking for your first (and maybe forever) home, let us help you with financing, including an interest-free loan to help with your down payment.
Flexible rate options
Lock in a fixed rate for 30 years or choose from one of our adjustable-rate options.
Down payment assistance
We’ll provide up to 3% down payment assistance in the form of a 0% interest, no-payment second mortgage.
PMI costs covered
Depending on your income, we’ll cover your private mortgage insurance costs.
Choose the home you want
Your first home can be a single-family, condo, mobile home, or a two-unit building for extra income. Income/asset limits apply.
Current Rates
|
Type |
Rate |
APR |
|
|---|---|---|---|
| Rates effective 10/12/2024 | |||
|
Rates can vary according to individual loan situations. Rates and lock periods are subject to change. The payment amount may be higher if escrows for property taxes, homeowner’s Adjustable Rate Mortgages (ARMs): 2/5 Cap; tied to 1-year T-Bill with 2.875% margin. Begin with a fixed rate and adjust upward or downward after the initial fixed term. ARM products contain two numbers. The first number refers to the number of years the interest rate at closing remains fixed. The second number is the number of years between interest rate changes after the initial fixed term expires. |
|||
|
Type Fixed-rate (with Down Payment Assistance) |
30 Years |
Rate 6.375% |
APR 6.392% |
|
Type 5/1 Adjustable-rate (with Down Payment Assistance) |
30 Years |
Rate 5.875% |
APR 6.548% |
|
Type 5/1 Adjustable-rate |
30 Years |
Rate 5.875% |
APR 6.548% |
|
Type 7/1 Adjustable-rate |
30 Years |
Rate 6.625% |
APR 6.811% |
First-time home buying resources
In addition to one-on-one support from our mortgage loan officers, we have a host of home buying articles on our blog that can help you understand the process better.
Apply today
Disclosures
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APR = annual percentage rate. Payment examples do not include amounts for taxes and insurance premiums and actual payment obligation may be greater than illustrated.
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- 2.
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APR = annual percentage rate. Fixed rate mortgage payment example: A fixed rate loan of $180,000 for 30 years at a 5.750% interest and an APR of 5.786% is a $1,050.43 monthly payment. Adjustable rate mortgage payment example: The adjustable rate mortgage is a variable rate loan; interest rates and payments may increase after the original fixed-rate period. Your interest rates and payments may increase after the original fixed-rate period. A loan for $180,000 at a 5.625% initial interest rate and APR of 6.48%, subject to increase, will have the following monthly payment: 300 payments of $1,178.22 at an interest rate of 7.00% based on the current index plus a margin.
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