Dream Home Certificate
Save Smart While You House Hunt
Ready to Apply for a Mortgage? Start Here ›
Why Choose a Dream Home Certificate?
Designed specifically for homebuyers with active mortgage applications.
Competitive Rate
Earn an attractive 5.75% APY while you save for your down payment. Much better than traditional savings accounts.
Flexible Deposits
Add money anytime during your 4-month term. Perfect for bonuses, gifts, or regular contributions towards your future down payment.
Penalty-Free Withdrawal
Use your savings for your down payment without any withdrawal penalties. That's money back in your pocket!
How It Works
Simple steps to start saving for your dream home
Apply for Your Mortgage
Start your mortgage application with us to become eligible for the Dream Home Certificate
Open Your Certificate
Contact our Real Estate team to open your certificate with a minimum deposit of $5,000
Add Funds Anytime
Make unlimited additional deposits during your 4-month term as you save for your down payment
Buy Your Dream Home
Use your savings penalty-free for your down payment when you're ready to close on your home
Perfect For You If:
- You have an active mortgage application with us
- You're a first-time homebuyer building your down payment
- You want to earn competitive rates while house hunting
- You want flexibility to add funds as you save
- You want penalty-free access to your down payment money
Ready to Start Your Homeownership Journey?
Our Real Estate team is here to help you maximize your savings while you search for your perfect home.
Call Our Real Estate TeamGet Started Today
Phone:
(800) 231-1626 ext. 3202
Email:
redeptnewloans@firefirstcu.org
Hours:
Mon-Fri 7:00 AM - 4:00 PM PT
*APY = Annual Percentage Yield
To qualify for the Dream Home Share Certificate, the member must have an open mortgage application with Firefighters First Credit Union. The initial term is 4 months with a minimum balance of $5,000 and allows unlimited additional deposits. One penalty-free withdrawal is permitted during the term, provided the funds are used as a down payment on a home financed through Firefighters First Credit Union. All other early withdrawals may be subject to penalties. At maturity, if the member still has an open mortgage application, the certificate will automatically roll into a 6-month Dream Home Share Certificate at the then-current rate, which also allows unlimited deposits and one penalty-free withdrawal under the same down payment condition. If there is no open application at that time, it will instead roll into a standard 6-month share certificate at current rates. Upon maturity of the 6-month Dream Home Share Certificate, it will convert to a standard 6-month share certificate at prevailing rates regardless of mortgage status. Rates are subject to change, and all funds used for penalty-free withdrawals must be verified as going toward a qualifying home purchase with Firefighters First Credit Union. Terms and conditions are subject to change without notice. All loans subject to credit approval.