Skip To Content
Routing Number: 263181384

First-Time Homebuyer

Get ready to own it.

Thinking about buying your first home? Addition Financial is here to make your dream of home ownership a reality.

Like a decoder ring for real estate agent-speak.

Navigating the home loan process can be confusing and stressful. Thankfully, Addition Financial has friendly local experts who can guide you every step of the way. From setting a budget for your house hunt to taking care of all the financial details when you’re ready to close on your first-time home, we make the process easy and stress-free.

Put Less Down + Move On Up

One of the greatest challenges most first-time homebuyers face is coming up with a down payment. Let Addition Financial turn that roadblock into nothing more than a speed bump with a First-Time Homebuyer loan. You can put as little as 3% down on the home you purchase without sacrificing affordable closing costs and a low fixed rate. Now the hardest part will just be choosing the home you want to own!

  • Fixed-rate 30-year term
  • As little as 3% of the purchase price down
  • Affordable closing costs
  • No pre-payment penalties
  • Homebuyer education course required
  • Primary residence only
  • Must have not owned a home in the past 3 years
  • Income limits apply
  • Used for Single family homes (condos and manufactured homes are not eligible) 


What to expect after you apply:

We want you to feel prepared as you navigate this application process. Download this checklist to learn about what you'll need to have on-hand once you've hit "submit".

Become a homeowner.

If you’re paying rent, you’re just paying somebody else’s mortgage and living with their rules. Why not pay your own mortgage instead and have free rein to do whatever you want with the place?

  1. Review eligibility
    Anyone who lives, works, worships, attends school or vocational training, or is an alum of any college, university, or educational institution located in one of our select counties may join.
  2. Complete loan application
    When you’re ready, complete the online application or visit your branch to apply in person.
  3. Get your loan
    Move into your new home. 

    Mortgage Rates

    30 Year First-Time Homebuyer

     As low as

    6.875 / 6.991
    % Interest Rate/APR

    5 Year Adjustable Rate

    Adjustable Rate

    6.375 / 6.488
    % Interest Rate/APR

    Calculate Your Mortgage

    Take the guesswork out of homebuying! Use our easy-to-use mortgage calculator to estimate your monthly payments and find the right loan for your budget. Start planning today!

    Learn More
    Man leaning on a calculator

    Related Articles

    Adjustable- vs. Fixed-Rate Mortgage: What's the Difference?
    Mortgages

    Adjustable- vs. Fixed-Rate Mortgage: What's the Difference?

    To help you understand your choices between an adjustable-rate mortgage vs. a fixed-rate mortgage, we’ve created this guide to explain the differences.

    Episode 6: Buying a Home for the First Time
    Mortgages

    Episode 6: Buying a Home for the First Time

    On this episode of Making it Count, hosts Cristina and Will learn what it takes to become a homeowner from two local real estate experts.

    5 Tips on Saving for a Home & How Much You Should Save
    Mortgages

    5 Tips on Saving for a Home & How Much You Should Save

    We asked some financial experts for their advice for saving up to buy a home and here are five tips they shared with us.

    You are being redirected to a site out of our control

    By clicking CONTINUE below, you will be leaving AdditionFi.com to visit an external website that is not owned or operated by Addition Financial Credit Union. Please note that Addition Financial is not responsible for the content of the external website and does not represent either you or the external website owner/operator in any transaction(s) that may result from your visit to the external website. Further, the external website’s privacy and security policies may differ from those practiced by Addition Financial.