first-time home buyers
Rates as low as
APR Effective 1/19/2017*
30 Year Fixed
FHA 30 Year Fixed
Adjusts every 5 years
Is this your first time buying a home?
If you're a newbie to the world of home loans, check out the resources and information we have for first-time home buyers. You can familiarize yourself with the process, learn about one-time vs. ongoing costs, and find out how to improve your credit rating before you apply for a loan.
A lot goes into getting a loan for your dream home. Take a look at our guide to help you navigate the process with confidence.
We also offer educational seminars for first-time home buyers that will familiarize you with the process, and help prepare you for home ownership. When you attend a First Time Home Buying Self-Paced Course, Live Seminar, or two part Webinar, BECU will reward you with a $200 coupon which can be applied to your closing costs on a BECU home loan. Learn more
*NEW* No origination fees
BECU is excited to announce yet another way we can save our members' money: NO origination fee on conventional fixed-rate or adjustable-rate mortgage home loans for purchase transactions*. No origination fee significantly reduces closing costs. And reducing cost is just one more way BECU can help members combat the skyrocketing prices in today's real estate market.
BECU Real Estate Services
If you're just starting your real estate journey, BECU Real Estate Services can help you navigate the process. We're there for you, from connecting you with great REALTORS™ to advocate for you during the process. Learn more
Ready to get started?
When you have all of the materials listed on the Purchase Checklist gathered, just follow these simple steps for getting pre-qualified for a home loan.
Get pre-qualified for a mortgage
A simple way to determine what you may qualify for, without having to submit all your personal information, is to use our Mortgage Calculators. This is a great option for members who aren't quite ready to begin the loan process.
Here, you can select the loan type and terms you are interested in and provide minimal information related to income, monthly debts and down payment. We'll run the numbers and let you know if you're pre-qualified.
A pre-qualification through the Mortgage Calculator is not a guarantee your loan will be approved, nor is it a commitment to lend. All information used to determine your pre-qualification must be verified by BECU.
Let's do this
If you are ready to begin the loan process, take it a step further and complete the online application through the BECU Mortgage Center. Once you have completed your application and authorized BECU to pull your credit report, you will be able to submit your mortgage request to us.
Based on the information you have submitted and your credit report, your request will be analyzed through our Automated Underwriting System to confirm you qualify for the loan type and terms you requested. If loan requirements are met, you will be provided with a mortgage pre-qualification letter.
This pre-qualification is not a commitment to lend, nor is it a guarantee your loan will close. All information used to determine your pre-qualification must be verified by BECU.
Need more information? Come see us.
If you've done all your research but aren't ready to apply just yet, come see us, or give us a call at 800-233-2328 . We're nearby, and we'll sit down with you and answer any questions you may have.
Ready to apply?
$200 coupon will only be offered for first time homebuyers who have attended a Live Seminar, Two Part Webinar, or a First Time Home Buying Self-Paced Course. Limit one coupon per loan. Loans are subject to credit approval and other underwriting criteria. Certain restrictions apply. Home Loan program rates, terms and conditions subject to change without notice.
*Offer effective with applications dated 4/15/2016, expiring 10/15/2016, and applies to purchase transactions only. The no-fee promotion does not currently apply to government (FHA, VA) loans. Loans are subject to credit approval and other underwriting criteria, and not everybody will qualify. Certain restrictions apply. Home loan programs, terms and conditions are subject to change without notification. BECU reserves the right to continue this offer indefinitely.