First-Time Homebuyer Loans

Taking a big step is easier with a little help.

Life is full of exciting firsts. Your first car. Your first job. You might be able to add your first home to the list a lot sooner than you think.

Have a minute to chat?

Click the "Ask TCU" icon below and select "Mortgage Live Agent" to be connected with a Mortgage Professional.

No matter how hard you work and save, it can be difficult to pull together the thousands of dollars needed for a down payment on a house. The good news is that TCU can help you get your foot through the door with a loan program that offers financial breaks to first-time homebuyers.*

Fixed rate
Reduced down payment requirements as low as 3%
May qualify for up to a $5,000 down payment assistance grant
Qualified borrowers can use gifted funds toward their down payment
Discount on private mortgage insurance (PMI)

Disclaimer

All Credit Union loan programs, rates, terms, and conditions are subject to credit approval and may change at any time without notice. Subject to Membership requirements. The rate example is current as of 3/1/2023 and is TCU’s best rate. Rates and terms vary depending on loan to value ratio, credit evaluation and underwriting requirements. PMI=Private Mortgage Insurance, flood and/or property hazard insurance may be required. Payment examples do not include taxes and insurance premiums. Examples provided are for informational purposes only. APR = Annual Percentage Rate.

$1,000 waived on closing costs on new mortgage applications received between 3/6/2023 and 5/31/2023. Offer may not be available on properties outside of Indiana or Michigan and is not valid on home equity products.

*You’re considered a first-time homebuyer if you haven’t owned a home in the last three years. Payment example: Based on a $150,000 home purchase with $145,500 finance after $4,500 (3%) down payment. Assumes a 30-year conventional 7.25% rate (7.461% APR) fixed-rate mortgage, with monthly payments of $993. See Products and Services Details for more information.

First-Time Homebuyer Loans

Taking a big step is easier with a little help.

Have a minute to chat?

Disclaimer

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