Whether you’re a first-time homebuyer or considering purchasing a new home, making the decision to buy can be challenging. When is the best time to start the process? Do you have enough money set aside for a down payment?

Interest rates have been historically low for a while, but they’re creeping up and that trend is likely to continue this year. Apply for preapproval now so you know what you have to spend while looking for the house that’s right for you. When you find it, you can feel confident you're getting your best rate with Members First.

And with little or no down payment, purchasing a new house is easier than you might think. Learn more about our No Down Payment Mortgage.*

Get started before rates go up again. Our mortgage representatives are eager to assist during regular business hours if you have any questions along the way.

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*The No Down Payment Mortgage is made up of a first mortgage equal to 80% of the purchase price and a second mortgage equal to 20% of the purchase price. In no event shall the total of the two loans exceed the purchase price or appraised value, whichever is less. An escrow account for property taxes, homeowners insurance and flood insurance (if required) will be established at closing. Homeowners insurance is required. All borrowers on the loan must be owners of the property. Only 1-2 unit primary residences are permitted. Rates and terms vary and are based on credit history. Applicants must meet all program criteria including, but not limited to income, monthly debts, credit history and assets to be eligible. Minimum credit score of 660 for all borrowers is required. Programs, rates, terms and conditions are subject to change without notice. Other restrictions may apply.