- Get Pre-Qualified
- Set A Budget
- Find Your Home
- Close With Confidence
Where Do I Start?
Let's break it down together! Buying a home for the first time can feel like stepping completely out of your comfort zone. You might hear words you don't recognize and be asked to share a lot about your finances. It's intimidating!
Let us help get you there!
Homeownership is a big deal, so let us help you make it happen! We’re not just mortgage experts—we’re on your team and ready to guide you. Got questions about First-Time Homebuying or anything you see on these pages? Just give us a call. One of our friendly loan officers will be happy to help you!
First-Time Homebuyer Guide - AACU First-Time Homebuyer Guide FAQs
The guide covers whether buying is right for you, homebuying costs before and after closing, understanding your credit score, and getting pre-qualified. Review Is Buying a Home Right for You to start with the first section.
The guide is written with first-time buyers in mind, though the fundamentals on credit, costs, and pre-qualification apply to repeat buyers navigating the process again too. Talk to a Mortgage Loan Officer for guidance specific to your situation.
The First-Time Homebuyer Program, which offers down payments as low as 1% and no mortgage insurance for those who apply today. Review the First-Time Homebuyer Program for full program details.
A dedicated section walks through exactly what pre-qualification involves and how a loan officer works closely alongside your own trusted local real estate agent throughout the entire process. Review Getting Pre-Qualified for the full walkthrough.
A phone call connects you directly with a mortgage loan officer who can answer questions specific to your own unique situation beyond what this guide covers. Talk to a Mortgage Loan Officer for one-on-one guidance.
1Must 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 $2,601.68 at 8.042% APR which includes a down payment of 1%, purchase price $359,000. Estimated closing costs of $5,397.00. 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.
Membership requirements apply. Restrictions and requirements apply. Equal Housing Lender. Air Academy Federal Credit Union: NMLS# 454287