1st Time Home Buyers Loans
Our Personalized First Time Homebuyer Assistance
We know how special the first time home buying journey is, and applying for a first time home buyer loan can be intimidating! Having a trusted team by your side is a must for this new journey. We are with you every step of the way to help you settle into your dream home!
Getting Started
As Rochester’s premier mortgage lender for First-Time Homebuyers, Family First Credit Union offers numerous mortgage programs to promote homeownership among low to moderate-income individuals throughout Rochester, NY and beyond! Our local mortgage experts are here to help you navigate different products based on income limits, minimum credit scores, and more so you know you’re getting the mortgage that’s right for you.Â
Through our partnership with the State of NY Mortgage Agency (SONYMA), we offer traditional loan programs with low interest rates & low minimum down payments, specifically designed for first-time buyers. Some of the mortgages that we offer include Conventional, USDA, FHA, and VA loans. For additional mortgage solutions and information, click below to learn more!
Homebuyer Dream Program
With Family First and the Homebuyer Dream Program, you can get up to a $20,000 grant to help you purchase your first home!
The HBD is a grant program offered to eligible first time home buyers that provides up to $10,000 on a first come first serve basis. Grant money can be used towards your down payment and closing costs and as credit towards an approved homeowner counseling program.
This grant program is through the Federal Home Loan Bank of New York. It’s important to get pre-approved before then so you’ll be ready to go.Â
SONYMA Mortgages
- Down payments a low as 3% with a Fixed Rate loan
- Availability of Down Payment Assistance Loans of $3,000 or 3% of the home purchase price (whichever is higher; maximum $15,000)
- With borrowers contribution as low as 1%, many of our members who are renting can become homeowners much sooner than they realize
- There are 2 programs available: the Achieving the Dream Program & the Low Interest Rate Program
- SONYMA Mortgages have a maximum income guideline, purchase price limit and are typically only for First-Time Homebuyers
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Resources for 1st-Time Homebuyers
Are you ready to become a homeowner? We’re ready to help! Check out the full recording from our recent First-Time Homebuyer Webinar to hear everything you need to know about the home-buying process from Family First mortgage experts, Ron Kraft and Julie Vella, or download the presentation PDF below!
