Looking for a First-Time Homebuyer Loan?

¹A one-time processing fee is charged as a part of your mortgage loan.

²APR=Annual Percentage Rate. Rates, terms and conditions are subject to change and may vary based on credit worthiness, qualifications and collateral conditions. All loans are subject to approval. For a $250,000 loan with a 20% down payment a 6.77% APR for a 30 year term, the monthly payment would be $1,281 (excluding property tax and insurance); for a $250,000 loan with a 20% down payment at 6.64% APR for a 15 year term, the monthly payment would be $1,742 (excluding property tax and insurance). 1% Origination Fee may apply.

³Meet income eligibility guidelines, as published by the Bank at the time of enrollment in the WISH Program and is at or below 80% of the HUD area median income.

⁴The homebuyer must have successfully completed, and the Member must certify completion of, a homebuyer’s counseling program provided by, or based on one provided by, an organization recognized as experienced in
homebuyer counseling.

⁵First-time homebuyer is defined as an individual who has never owned a home before, an individual who has not owned a home for at least three years and for married couples, if one spouse is a homeowner but the other spouse has never owned before, then, according to the FHA, both spouses are considered first-time homebuyers.

⁶WISH Set-Aside funds may be used only as a grant toward the down payment and/or reasonable and customary closing costs for the purchase by an eligible household of an owner-occupied housing unit to be used as the
household’s primary residence.