First Time Home Buyer

First-Time Home Buyers

First-time home buyer loans and programs that may help get you into your first home.

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First-Time Home Buyers Loan Rates as Low As

APR Effective 10/23/2020*


30 Year Fixed


FHA 30 Year Fixed


5 Year ARM (5yr/5yr)

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 home loan experts and resources to help you on your first home buying journey.

BECU first-time homebuyers can receive up to $7,500 in down-payment assistance.

Limited Time Offer

For a limited time, we'll reduce your closing costs.

  • Purchase only
  • Up to $750 credit at closing with automatic payment from a BECU account1
  • Excludes refinance, 12 year no fee, FHA and VA loans
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First-Time Home Buyer Features & Benefits

Video: How the Home Buying Process Works

Resources to Get You Started

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 happy to sit down with you and answer any questions you may have.

1Mortgage application must be received between 07/24/2020 and 10/31/2020. Closing cost credit of up to $1,000 for Whatcom county purchases or refinances (property must be located in Whatcom County), and up to $750 in all other areas for purchases only. Credit is applied at loan closing with setup of automatic mortgage payment from a BECU account. Mortgages are available in: WA, OR, CA, AZ, KS, MO, PA, ID, SC and IL only. Eligible for owner and non-owner occupied property, including investment property (1-4 units). Offer not valid on Government loans (FHA, VA) and 12-Year No Fee. Loans are subject to BECU membership, credit approval, and other underwriting criteria; not everyone will qualify. Certain restrictions apply. Home loan programs, terms and conditions are subject to change without notification. Loan must close 90 days from the application date.

*Offer applies to purchase and refinance transactions. 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.

**Home Rewards is a program provided by Prime Alliance Real Estate Services, LLC and is not affiliated with BECU. Certain restrictions apply. Offers subject to change without notice. Please contact your assigned Member Advocate for additional information regarding these buyer/seller benefits. Real Estate services provided by carefully selected local real estate agent.

***$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. 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.