First-time Homebuyer loan

Purchase your first home with a First-time Homebuyer loan from Oregon State Credit Union. If you’ve never had a mortgage or haven’t owned a home in the past three years, you may qualify as a first-time homebuyer.

  • New! — Mortgage with rate reduction: Buy your home now and if rates drop later, you'll have the option to get a lower rate without refinancing. You could save thousands with this no-refi option.

Apply here | First-time Homebuyer loan

Check First-time homebuyer rates here

Enjoy these advantages:

  • Flexible terms of 15, 20 and 30 years

  • Finance up to 97% of the value of the home

  • Help with down payment and closing costs based on income

  • First-time homebuyer classes available

  • Multiple down payment options

$500 off lender fees (long term mortgage)

The $500 reduction off lenders fees is valid for Premier Members. This offer is not valid for Short Term Second Lien Home Equity Loans. See a Mortgage Loan Officer for further details and how to qualify for Premier Membership.

Apply here | First-time Homebuyer loan

Choose a First-time Homebuyer loan

This loan option is ideal if you:

  • Want to purchase your first owner-occupied home

  • Want help paying the down payment or closing costs

  • Are purchasing the home in which you'll reside

Buying your first home? Know about these myths

See this short video about three myths that may be preventing you from becoming a homeowner. Our mortgage loan officer, Daniel Echeverri, explains some of the common misconceptions in the video, "Myths about buying a home."

 

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