First-Time Homebuyer Program

Make your first home purchase a reality for as little as 3% down.

Buying your first home is no small feat. It’s something many of us dream about our whole lives. Spectrum Credit Union created the First-Time Homebuyer Program to simplify the process and make it as affordable as possible — so you can focus on celebrating this exciting life milestone!

First-Time Homebuyer Program features:

  • Down payment as little as 3%*
  • Down payment may be 100% gifted


Requirements:

  • Program applies to single family homes, condominiums, and manufactured homes that are permanently fixed to the foundation 
  • Buyer must have credit score of 620 or higher 
  • Buyer must receive a score of 90% or higher on the “Pathways to Homeownership” course through BALANCE, our financial guidance partner.
     

Your Path to Homeownership

More information

Our Mortgage Relationship Managers are here to help you every step of the way. Please call our Home Loan Help Desk at 888-750-4124. For those outside the U.S., call 510-251-6010.  

To check your pending application status, simply log in to your existing application.


* Other restrictions may apply.

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From everyday finance to life’s big money moments, it’s better when you belong.