First-Time Homebuyer Mortgage*

Own Your Future

Becoming a homeowner puts you in control of an investment that you can leverage for a lifetime. Perhaps even generations. Own your future with PSECU’s First-Time Homebuyer program.

*Additional options for first-time homebuyer products/terms available. PMI may be required. Contact one of our mortgage consultants to find out which one is right for you.

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Own Your Future - First-Time Homebuyer

First-Time Homebuyer Program Features

Finance up to 100% of the purchase price (no minimum down payment required).
No private mortgage insurance (PMI) required.
Low PSECU-related closing costs.
Up to 3% seller assistance allowed.
No income cap.
Fixed- and adjustable-rate options available (terms available for 10, 15, 20, 25, and 30 years).

First-Time Homebuyer Program Requirements:

  • Borrower(s) is required to have 1% of total loan amount in reserves.
  • Maximum loan amount of $766,550.
  • Borrower(s) must not have owned a home in the last 3 years.
  • At least one borrower must take and complete an approved homebuyer education course. PSECU mortgage consultants will provide links to qualified course options.
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Home Ownership Doesn't Have to Be a Dream

Gone are the days of a minimum 20% down payment - saving that much money for a home purchase just isn’t a reality for many people. PSECU’s First-Time Homebuyer program was designed to help credit-worthy borrowers realize their goals of home ownership by eliminating the barriers of a large down payment and the additional monthly cost of PMI.

We recognize the tremendous impact owning an asset like a home can have on your financial stability and future. The credit union philosophy of “people helping people” drives us to offer products that create opportunities and growth for our members, enabling you to own your future.

Have a First-Time Homebuyer Question?

Have some questions or want to chat with someone about our First-Time Homebuyer program? Speak with one of our mortgage consultants today to discuss your options. Consultants are available Monday – Friday 8 a.m. – 5 p.m. and Saturday 9 a.m. - 12 p.m. - 800.237.7328 ext. 3878.

Meet Our Team
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  • A first-time homebuyer is someone who has never had a mortgage before, or, for our first-time homebuyer program, someone who has not owned a home or been named as the owner on a mortgage in the last 3 years.

Own Your Future

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Contact a Mortgage Consultant
Have some questions or want to chat with someone about our First-Time Homebuyer program?

Have Questions? We're Here to Help

Need to talk to us directly? Call (800) 237-7328 or send an inquiry.

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