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First-Time Homebuyer Program


The Details

With down payment options as low as 1% 1 , owning your first home is achievable and now more affordable!

  • 1%, 2% or 3% available down payment options 1
  • No mortgage insurance
  • Gifted funds allowed
  • Start earning rewards when you open a rewards checking account 1
  • Work with an expert Mortgage Loan Officer

Schedule an Appointment

A conversation is a great place to start. Schedule an appointment with a Mortgage Loan Officer and they'll find the best loan options for you!

Schedule Now

Getting Started is Easy...

  • Put together a budget of all your monthly expenses so you know what you can afford each month for your mortgage payment
  • Get pre-qualified online by filling out our Mortgage Application
  • Schedule an appointment with a Mortgage Loan Officer online or give us a call at 800.223.1983
  • Start shopping to find your dream home


What kind of numbers are we talking about?

Not everyone is a numbers person, but we sure do love them! Check out the down payment breakdown examples below for examples of what different down payments could look like. And don't forget to try out our mortgage calculator to see how different loan amounts, loan terms, and loan rates could affect your monthly payment and total interest.

Have questions? We've got answers...let's talk!

Mortgage Amount: $300,000

1%: $3,000 down

2%: $6,000 down | 3%: $9,000 down

Mortgage Amount: $350,000

1%: $3,500 down

2%: $7,000 down | 3%: $10,500 down

Mortgage Amount: $400,000

1%: $4,000 down

2%: $8,000 down | 3%: $12,000 down


Rent vs. Buy Calculator

Evaluate whether renting or purchasing your first home is more suitable for your financial situation.


Locations & ATMs

Find an AACU branch or ATM, or locate thousands of surcharge-free ATMs or shared branch locations in the U.S. and Canada.

Talk to a Mortgage Expert

Schedule an appointment with a Mortgage Loan Officer and they'll help you find the best options to get you in your new home!

Loan Rates

Check out current rates for auto loans, personal loans, and a line of credit!

Explore Home Loan Options

Knowing what is available to you is a great first step. Check out our home loan options - and let's get you on your way to being home!



1 Must be 18 and older to qualify. Down payments are examples only and do not include closing costs, prepaid interest, taxes and homeowners’ insurance. Down payment amount and mortgage loan amount will vary based on purchase price amount, credit score and income. Payment example on a loan amount of $355,410: 360 monthly payments of $2,424.52 at 7.25%/7.314% APR which includes a down payment of 1%, purchase price $359,000. Estimated closing costs of $3,897.00. Pre-paid interest, taxes and homeowners’ insurance are not included in closing costs or payment example and can vary. An AACU rewards checking account is required with direct deposit to qualify. Membership requirements apply. Restrictions and requirements apply. Program subject to change. Equal Housing Lender. Air Academy Federal Credit Union: NMLS #454287.