As a new borrower with little or no credit, getting approved by lenders can be challenging. That’s why Family First developed the First-Time Auto Buyer Program! This program was designed to teach and reward strong financial habits. Let’s explore how the program works;

Requirements:

• Borrower must be 18 years or older
• At least 18 months of consistent work history to show steady income
• Down payment of at least 20% on the vehicle (good thing you’ve been saving up!)

After 12 Months of On-Time Payments:

• If your credit score has increased, you can refinance at a lower interest rate with no additional cost! (if your credit score has stayed the same or gone down, your interest rate will not change)
• Pre-approved for a $1,000 Family First Visa Classic Credit Card

After 24 Months of On-Time Payments:

• You receive a $50 Gift Card!