With our first-time homebuyer's program, your down payment is affordable and stress free!
Explore some resources below to help you get started with our First-Time Homebuying Program!
Get to know your budget
Budgeting your monthly expenses can help you prepare for a monthly mortgage payment, and how much you can afford.
Understanding your FICO® Score
Understand your FICO® Score and how to make sure you're on the right track.
Get pre-qualified online by filling out a Mortgage Application!
Call a Mortgage Loan Officer
Call us at 800.223.1983 and ask to speak to a Mortgage Loan Officer!
First-Time Homebuyer Guide
Use our First-Time Homebuyer Guide to get familar with common terms, questions and more!
Find Your Dream Home
Now you're ready to go shop for your dream home!
With our First-Time Homebuyer program, your down payment is as low as 1%! You choose what works best for your budget!
Not everyone is a "numbers" person, and that's exactly what we're here for! Refer to the table below for a quick down-payment reference, and for more details don't hesitate to give us a call. We're happy to help every step of the way.
Mortgage Amount: $300,000
1%: $3,000 down
2%: $6,000 down | 3%: 9,000 down
Mortgage Amount: $350,000
1%: $3,500 down
2%: $7,000 down | 3%: 10,500 down
Mortgage Amount: $400,000
1%: $4,000 down
2%: $8,000 down | 3%: 12,000 down
*Must be 18 and older to qualify. Down payments are examples only and do not include closing costs, prepaid interest, taxes and homeowners’ insurance. Down payment amount and mortgage loan amount will vary based on purchase price amount, credit score and income. Payment example on a loan amount of $396,000: 360 monthly payments of $2,065.72 at 4.75%/4.789% APR which includes a down payment of 1%, purchase price $400,000. Estimated closing costs of $3,897. Pre-paid interest, taxes and homeowners’ insurance are not included in closing costs or payment example and can vary. An AAFCU rewards checking account is required with direct deposit to qualify. Membership requirements apply. Restrictions and requirements apply. Program subject to change. Equal Housing Lender. Air Academy Federal Credit Union: NMLS #454287.
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