Buying Your First Home

No Down Payment Loan

One of the most significant obstacles to homeownership today is a lack of funds for down payment and closing costs. SECU’s 100% loan-to-value financing provides an alternative for responsible borrowers who do not have access to large amounts of cash.

To Qualify: 

  • You need good credit 
  • Primary residence purchase only
  • You cannot own any other real estate
  • Contribute the lessor of $1000 or 1% of the sale price to closing costs
Learn More

Or you can submit your pre-approval/loan application online now.



Low Down Payment Loan

FHA (Federal Housing Authority) loans are insured by the federal government and have more flexible requirements for down payments, income qualifications and closing cost contributions.

Highlights include:

  • Low down payment requirement of 3.5%
  • 15- or 30-year fixed rate mortgages only
  • Primary residence only
Learn More

Or you can submit your pre-approval/loan application online now.



Low to Moderate Income Loan

Fannie Mae's HomeReady® program is designed for creditworthy borrowers with low to moderate incomes.*

Borrower benefits include:

  • Down payments as low as 3%.
  • Roommates and relatives may help you qualify
  • Affordable financing with cancellable mortgage insurance

Fannie Mae also provides home buyer education online, helping you prepare to buy and own a home.

Learn More

Or you can submit your pre-approval/loan application online now.


 

 

*Income limits may apply. Subject to Credit Approval. Programs subject to change without notice.