First-Time Home Buyer Grants

Grants Available for Down-Payments and Closing Costs

You save. You pay down your loans. You manage your finances. Simply put, you work hard. Even with all of that, today's housing market can make buying a home seem out of reach. Sometimes, a little bit of help can go a long way.

That's where we come in: Designed to assist our members overcome daunting down payments to finally buy that home, BECU's first-time homebuyer grant awards eligible members with up to 2% (maximum of $6,500) toward the down-payment or closing costs on their first home. 

Opening the Door of Possibility

We're committed to putting membership over profit, and helping members become their best financial selves. The first-time homebuyer grants are seeing that commitment in action. It all comes down to our original mission when we began more than 80 years ago: people helping people.

Many of our members are qualified home buyers – they simply need help clearing the hurdle of a down payment! That being said, each grant recipient must apply, qualify for, and close on their new home using a BECU conventional fixed or adjustable-rate loan.  After all, we at BECU want to help demolish that down-payment obstacle to pave the way to paying a mortgage, not rent.

Get The Dream Going 

BECU grant money is a limited, and available on a first-come, first-serve basis. If you have a property in mind, now is the time to apply for this program and get the ball rolling on your new home purchase.

How to Reserve the Fund

So – how do you set aside a portion of the funds for your home? Get in touch with us! As previously stated, this fund is limited and is reserved on a first-come, first-serve basis. Your first step is to speak with a BECU Mortgage Advisor.  Come prepared to discuss the process to qualify for both a loan and the first-time homebuyer grant program. Your second step is to ensure availability of the funds! You'll need to request that BECU set aside funds for your grant.

Make the Call

Ready to get started? Call us: 800.233.2328, ext. 5772. You can also make an appointment to speak with an advisor in person – we even make it easy by allowing you to schedule appointments in advance.

Wait – There's More: BECU Home Rewards

While you're discussing your future loan with a BECU Mortgage Advisor, also ask about the Home Rewards program. Members who purchase their home using a credit union certified real estate agent receive $300 to $6,000 cash back at closing,  just for using BECU Home Rewards!**


The Home Rewards program is not affiliated with the grant program, and is a service available to all BECU members. Home Rewards is just one more way to keep costs down.

*In order to qualify for the grant funds, buyers must meet all the First-Time Homebuyer Grant Program Criteria as well as loan eligibility and property qualifications, all of which may not be listed here. BECU reserves the right to alter or change grant criteria or lending requirements.

**Home Rewards is a program provided by Prime Alliance Real Estate Services, LLC and is not affiliated with BECU. OneSource Solutions, Inc. is not affiliated with BECU. Certain restrictions apply. Offers subject to change without notice. Reward based on sale price and limited or not available in all areas.