Routing Number: 307070021

First-Time Homebuyer Program

Buying a house is one of the biggest investments you will ever make. Getting started may seem intimidating, but our first-time homebuyer program makes it easy, fast and stress free! A down payment as low as 1%, can make your dream of homeownership a reality!

With our first-time homebuyer's program, your down payment is affordable and stress free!

First-Time Homebuyers Program Features

  • 1%, 2%, or 3% down payment options*

  • No Mortgage Insurance required

  • Gifted Funds are allowed

Start Here

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.

Pre-qualify Online

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!

Down Payment

With our First-Time Homebuyer program, your down payment is as low as 1%! You choose what works best for your budget!

Down Payment Breakdown

But what will I owe?

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

Call or email us to speak to a Mortgage Loan Officer!

Call Us

 800.223.1983

*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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