First-Time Home Buyers

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michael and karisa g., seattle

First-Time Home Buyers loan Rates as low as

APR Effective 2/23/2018*

4.657
%
APR

30 Year Fixed

4.755
%
APR

FHA 30 Year Fixed

4.439
%
APR

5/5 ARM

Adjusts every 5 years

*See important information about rates, fees and other costs

If you're a new to the world of home loans, we have the resources to help first-time home buyers. You can familiarize yourself with the process and may be able to take advantage of the first-time home buyers programs.


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.

BECU has another way we can save our members' money: NO origination fee on conventional fixed-rate or adjustable-rate mortgage home loans for purchase and refinance 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 has an initiative program designed to help members get a leg up on home buying. Instead of scrambling to cover 3% of a home's down-payment cost, eligible BECU members need only come up with 1% – BECU pays the rest of the down payment.


That's right: First-Time homebuyers can receive up to $6,500 in a BECU grant that doesn't have to be paid back. Home loans available under this program include conventional fixed and a 5/5 ARM (adjustable rate mortgage).


Can the BECU First-Time Homebuyer Grant Program make homeownership a reality? Learn more 

Prepare for Getting Pre-Qualified

To help get you started with pre-qualifying, gather all of the materials on the Purchase Checklist.


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. 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.

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

BECU offers 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 $250 coupon which can be applied to your closing costs on a BECU home loan. Learn more

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.


Need more information? Come see us.

If you've done all your research but aren't ready to apply just yet, make an appointment, 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.


Email us to learn about BECU homes for sale.

$250 coupon will only be offered for first time home buyers 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. This special offer may be used only by the primary borrower and will be credited toward closing costs upon the completion of your new BECU home loan. This offer cannot be combined with any other offer, including the BECU First-Time Home Buyer Grant Program, and is available only by presenting the coupon at the time of application for a new mortgage loan. This offer cannot be used in connection with any loan modification. Offer valid for new home loans that close within 120 days of course completion date. Good only for purchase of a first home. Home must be the primary residence of the borrower. Closing cost credit cannot exceed the amount of the closing costs charged.

*Offer applies to purchase and refinance transactions. 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 terminate this offer at any time without notice.