Making a house your home starts with SECNY's first time homebuyer programs.
SECNY's knowledgeable, local mortgage professionals guide you through the process. From application to move in day and every step in between, SECNY's first time homebuyer programs make your first mortgage as stress free and easy as possible.
Your neighbors at SECNY are here to answer your questions.
Making Homeownership Affordable with First Time Homebuyer Programs near Syracuse NY
At SECNY Federal Credit Union, we get it. There's a lot to consider when weighing your options for first time homebuyer programs. We're here to help make sense of it all.
First Time Homebuyer Programs: Credit at Closing1
How Credit at Closing Works
- SECNY Covers Your Closing Costs - Get a $500 Lender Credit at Closing
- Only 5% Down Payment Required - We understand that one of the biggest barriers for first time homebuyers is the upfront costs that come with a down payment. The average down payment on a house is 18%, according to NerdWallet. SECNY's first time homebuyer programs make it much more affordable to finance your first home. For example, a $175,000 home would only require a $8,750 down payment, compared to a $31,500 down payment from other mortgage loan providers.
- Escrow Required - Escrow makes it easy to budget for the cost of property taxes and homeowners insurance. If you have questions about escrow and how it affects your first time homebuyer loan, your neighbors at SECNY are here to help it all make sense. Let's talk.
- Private Mortgage Insurance (PMI) Required - This is often required for mortgage loans where the down payment is less than 20%.
- Auto Pay from a SECNY Account Required - SECNY's secure mobile and online banking makes it easy to make your mortgage payments. With auto pay from a SECNY account, you don't have to worry about life getting too busy and accidentally missing your mortgage payment due date. SECNY's auto pay for first time homebuyer programs is easy to set up. We can walk you through the entire process. With SECNY, you get peace of mind that your mortgage payments are on time.
- Free Homebuyer Education Course Required - We understand that no one is born with a working knowledge of mortgage loan jargon. With SECNY's free homebuyer education course, you can be confident in navigating the finer details of financing your first home. Our homebuyer education course is made to accommodate your busy lifestyle.
Let's Talk About Your Options for First Time Homebuyer Programs
First Time Homebuyer Programs: No Closing Costs2
How No Closing Costs Works
- Just 5% Down Payment Required
- Escrow Required
- PMI Required
- Auto Pay from a SECNY Account Required
- Free Homebuyer Education Course Required
Which First Time Homebuyer Program is Right for You?
SECNY is here to help make sense of your options for first time homebuyer programs. We can:
- Discuss the specifics of your situation,
- Explain the differences of each program,
- Help you understand everything you need to know
With SECNY's first time homebuyer programs, you can be confident you're getting the best deal for you.
Great Mortgage Rates with SECNY's First Time Homebuyer Programs
With interest rates changing, it can be difficult to find the best mortgage rates. SECNY makes it easier to understand your budget and options.
When you choose SECNY for your first time homebuyer loan, you get mortgage rates that put you first. At SECNY, we're different. That's because we're a credit union. That means we're owned by our loan and account holders. SECNY Federal Credit Union makes decisions that are in the best interest of people like you. We're a part of the communities we serve. As a result, we offer favorable mortgage rates that benefit you, not stockholders.
Budgeting for First Time Homebuyer Programs is Easier with Mortgage Calculators
SECNY makes it easier to crunch the numbers and get a clear idea of the costs associated with first time homebuyer programs.
Get started with our mortgage calculator.
How to Apply for SECNY's First Time Homebuyer Programs
Step 1) Sign Up for a SECNY Account Online
To take advantage of SECNY Federal Credit Union's affordable first time homebuyer programs, you will need to sign up for SECNY credit union membership.
Becoming a SECNY member is quick, easy and secure.
SECNY membership is available to anyone who lives, works, attends school or religious services in Onondaga County, Madison County, Oswego County or Cayuga County.
Need Help Getting Started?
Call Us at 315-469-5599
Step 2) Make an In-Person Appointment
We do this to verify personal and financial information.
Step 3) Pre-Qualify for a Mortgage
This not only helps make your offers more attractive, but also provides a clear understanding of what your budget is. This also provides the answer for a question first time homebuyers often have: "how much mortgage can I afford?"
Step 4) Apply for a First Time Homebuyer Program
SECNY's mortgage professionals are here to guide you through the entire process. We're here to make it all as easy as possible. For decades, we've helped generations of families finance their first home.
If You're Looking for First Time Homebuyer Loans near Syracuse, NY, You've Come to the Right Place
People looking for first time homebuyer programs may also look for:
- first time homebuyer loans
- first time homebuying
- first time home owners loan
- house loans for first time buyers
- first time buyer lenders
- first homebuyers loans
- home loans for first time buyers
Whatever you call it, SECNY is here to help make sense of your options.
For decades, we've helped people achieve the dream of homeownership. With SECNY, it's not just affordable, it's easy.
The Excitement of Move-in Day Starts Here.
Contact SECNY for First Time Homebuyer Programs.
A first home represents a lot. It's a place to raise a family. A place to make the decorating decisions you want. A place to make memories and write a new chapter in your life.
Don't get overwhelmed. Get help from your neighbors at SECNY. We're here to help make financing your first home affordable and simple.
It all starts with SECNY's first time homebuyer programs.
