This is for first-timers only to purchase a single family home, twin home, or condo. It’s a great way to start early and become a homeowner!

Here are the details:

• You must plan to live in the home.
• Maximum purchase price is $200,000.
• No mortgage insurance is necessary.
• You should have a credit score of at least 710.
• You need at least one additional loan relationship with BWCU.
• You must have a 2-year credit history with 4 trade lines
• Your payments are automatically deducted from your BWCU account.
• Get an adjustable rate mortgages up to 30 years.
• Or a fixed 15/30 Balloon, 10- or 15-year (with amortization up to 30 years).

How much does this mean you’ll pay per month? As an example, a $100,000 loan with a 6% APR means a monthly payment of $600 for 30 years or $844 for 15 years. Be sure to ask a BWCU rep to help you calculate your own loan.

Not every home or every budget is the same. That’s why we have different mortgage programs for different people. A friendly BWCU rep can help you figure out which one will work best for your loan.

Our Portfolio program is meant for your primary residence, which can be a single family, twin home or condominium. It’s good for purchase, refinances and cash-out refinances.

• Minimum down payment of 3%.
• Down payments less than 9.99% require mortgage insurance.

Our Jumbo Mortgage Loan program is for any single family home, condo, or primary residence.

• You need a median credit score from all borrowers of at least 750.
• Minimum down payment of 5%.
• Down payments less than 10% require mortgage insurance.

BWCU also offers Conventional mortgages with generous terms.

• 30-year, 20-year, or 15-year terms.
• Minimum down payment of 5%.
• Down payments less than 20% require mortgage insurance.