First-Time Homebuyers
as a happy homeowner.
Resources for First-Time Homebuyers.
The journey toward homeownership is an exciting one. Rely on First Entertainment Credit Union to serve as your knowledgeable guide along the path toward owning your own home.
The benefits
Skip The Down Payment
Don’t let a large down payment lock you out of homeownership. We offer up to 100% financing for first-time homebuyers1 to bring your starter or dream home within reach now.
No PMI
We don’t require Private Mortgage Insurance2 when you take advantage of second mortgage loans (see below.) As a bonus, the interest you pay on your loans may be tax deductible3.
Home Rewards Program
With First Entertainment Credit Union’s Home Rewards Program4, you can access MLS listings, be paired with a local realtor, and get a 20% commission rebate5 towards closing costs.
Various loan terms available
We can pair a first mortgage loan with our second mortgage loans to get you into a new home at a fixed rate and monthly payment.
Choose the loan program that works for you:
0% Down Payment
- 80% First Mortgage
- 20% Second Mortgage
5% Down Payment
- 80% First Mortgage
- 15% Second Mortgage
10% Down Payment
- 80% First Mortgage
- 10% Second Mortgage
Free guide for homebuyers
Complete the form below to get your free guide to navigating the homebuying process.
Meet the team
For mortgage applications in process, please click here to login to your application portal.
Disclosures
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Loans are subject to credit approval, and not all members will qualify. Certain terms and conditions may apply. Eligible home loans only for California properties. Current home loan rates are available online at Mortgage Rates and HELOC rates or by contacting the Credit Union at 888.800.3328.
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Private Mortgage Insurance (PMI) is required when the loan-to-value (LTV) on a Mortgage Loan is greater than 80%. Special exceptions for first time home buyers may apply.
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Not intended as tax advice. Please consult your tax advisor.
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The Home Rewards Program is offered through Home Rewards Group, Inc. Home. Home Rewards Group, Inc. is not affiliated with First Entertainment Credit Union. The material is not operated by First Entertainment, and First Entertainment is not responsible for the content, which may not always represent the Credit Union's views. This does not constitute endorsement of any product, service, or organization. First Entertainment Credit Union's Privacy Policy does not apply to third parties.
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Rebate is awarded by Home Rewards Group, Inc. to buyers and sellers who select and use a real estate agent in the Home Rewards network. Rebate is 20% for purchase only of a residential property. Payment is credited to your benefit at the close of transaction. Using First Entertainment for a mortgage loan is not a requirement to earn the rebate. Purchase price must be greater than $150,000. All rebates are subject to limitations, lender guidelines, state laws and other requirements. Certain properties may not be eligible for rebates. Please consult a qualified tax professional for advice on tax implications from receiving a rebate.