First-Time Homebuyers
You have various down payment and home loan options.
Buying your first home is one of life’s biggest milestones. For many, it means, “I’m providing security and a foundation for my family.” As it may be one of the most significant, long-term investments you make, choosing a mortgage that fits your budget and lifestyle requires careful consideration.
Down Payment and Loan Options
Gathering your down payment can be a significant obstacle to home ownership. At Tech CU, qualified homebuyers may choose to make a minimal down payment, all while taking advantage of other money-saving options:
- Variety of 95% financing programs*
- No points/no cost loan options**
- A wide variety of fixed and adjustable rate mortgage choices
Resources
- Special assistance programs for first-time homebuyers available in many California counties. Check your county's website for details.
Try out different mortgage scenarios.
Personal Attention
We have a team of professionals who are available to walk you through the mortgage process. Contact a Mortgage Consultant at (800) 553-0880. You can also use our contact form.
* Not all loan programs are available with a 95% LTV, and rates may be higher than those shown on the website. Contact a Tech CU Mortgage Consultant for more information about first time buyer programs in your area.
** A No Cost version requires no lender closing costs or third party costs (such as appraisal and title) to establish the loan. No Cost option available on conforming fixed rate loans only. Additional conditions and terms will apply to no points and no cost loans. Please contact the Credit Union for additional information.
