First-Time Homebuyers

Are you ready to buy your first home? 

  • 3% Minimum Down Payment
  • 60-Day Rate Lock at No Additional Cost
  • 7/1 ARM with No PMI Available*


Buying your first home is a big step, and we are ready to help you along the way. Our 7/1 ARM (Adjustable Rate Mortgage) for First-Time Homebuyers* empowers you to achieve homeownership sooner by eliminating Private Mortgage Insurance (PMI) even with a down payment as low as 3%. It gives you lower payment potential compared to traditional fixed loans and loans that require PMI. It’s a streamlined, cost-effective path to getting the keys to your first home. We also offer a 60-day rate lock at no additional cost, giving you peace of mind while you shop for your home.

Key Benefits of the New 7/1 ARM* for First-Time Homebuyers:

  • No PMI required — keep more of your hard-earned income each month
  • Competitive intro rate with a 7-year fixed period
  • Lower monthly payment potential compared to traditional fixed loans
  • Flexible qualification designed for first-time buyers
  • Eligible for our Rate Drop Program — if rates fall, you can reduce your rate without refinancing
  • Backed by a credit union that understands firefighter schedules, income patterns, and homebuying challenges

Interest Rates As Low As

Personalized Quote

 


 

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          Subject to credit approval.

          NMLS ID #649058. Mortgages available in Arizona, California, Colorado, Florida, Hawaii, Idaho, Montana, Nevada, New Mexico, Oregon, Tennessee, Texas, Utah and Washington.

          For mortgages in all other states click here.

          APR = Annual percentage Rate.

          Representative Example: A $350,000 mortgage loan financed at 6.5% APR for 30 year fixed would result in 360 payments of $2,212.24. Taxes and insurance premiums are not included in the payment and that the actual payment obligation may be greater.

          *This is a fixed rate for the first 7 years, then adjusts annually for the remaining term (30 years total). Example: For a $400,000 loan at 5.99% Rate, 6.358% APR; your estimated payment for first 84 months would be: $2,395.63. Your first adjustment will occur at month 85; your rate for this adjustment would be capped at 7.99%, with an estimated fixed payment of $2,842.16. Subsequent annual adjustments limited to 2% per change, with a lifetime cap of 5% above initial rate (maximum 10.99%, with an estimated payment $3,544.99). Index: One-Year Treasury Constant Maturity (currently 4.35%). Taxes and insurance not included; actual payment may be higher. The rate can never be less than five percent (5%). Rates and terms subject to change without notice. Offer ends January 31, 2026.

          Eligibility & Parameters: First-time homebuyer (HUD definition: no home ownership in past 3 years), primary residence only, minimum 720 FICO, no delinquencies in past 2 years, must have a 2-year employment history, and 3 months of reserves. Debt to income ratio ≤ 45%, Loan to value up to 97%. Down payment as low as 3%. No PMI, mandatory impound account, loan limit up to conforming high balance ($1,209,750). Rate slightly higher than standard 7/1 ARM.

          All loans subject to credit approval and program guidelines. Not all applicants will qualify. This is not a commitment to lend. Additional restrictions may apply. Consult your loan officer for details.