Becoming a homeowner for the first time can be an exciting adventure. The following information will provide you with the tools and knowledge to navigate the process. Click on the section headers below for FAQs.
First Time Homebuyers
- 4.375% rate
- 4.954% APR
30 Year Fixed Rate
No Closing Costs
Advertised Annual Percentage Rate (APR) with 0 points as of 2/9/2018. All borrowers must be a first time homebuyer to qualify. Minimum credit score of 720 required for all borrowers. Maximum loan amount $453,100. Mortgage insurance (PMI), property insurance (and flood insurance if applicable) required. Account subject to individual approval. Rate and APR subject to change without notice. Single family, owner-occupied properties only. No Closing Costs offer not available on QuickPay, construction, or land loans. Minimum term 15 years. If applicable, borrower must pay certain costs (e.g. prepaid interest, initial escrow deposit, PMI). Attorney's closing fees capped at $900 (typically $600-$700). Repayment example: $4.99 per 1,000 borrowed for 360 months. Equal Housing Lender.
When it comes to home financing, there are many different features to consider. How do you find the loan that’s best for you? Here’s some information to help.
Applying for a mortgage can be intimidating. You’re asked specific details about your income, assets, and debts. Learn how that information is used when applying for a mortgage.
When you buy or refinance a home, the property is used as collateral for the loan. Here’s what the lender is looking for and why.
When your loan is approved and your closing date has been set, here’s what to expect at closing and what happens afterwards.
There are many financial decisions involved in purchasing a home. The calculators we provide here can help you with some of those decisions.
There are a lot of unfamiliar terms that get tossed around during the mortgage process. Don’t worry, we’ve put together this glossary to help you get a better grasp of any terms that may be less than clear.