Lower rates and fewer fees than many banks and traditional lenders.
Special programs for first-time buyers with lower down payments.
Flexible loan options that allow gift funds1 or co-borrowers.
Lending criteria that consider you — not just your credit score.
Access to a full-service concierge program for buyers and sellers.
A mortgage from the Credit Union that knows you best.
Our free Homebuying Essentials workshop will give you the expert insights you need to buy with confidence.
SchoolsFirst FCU HomeAccess® is a home loan designed to make buying a home doable, especially for first-time buyers. You can put as little as 3% down, use gift money from family to help with the down payment or closing costs and even bring on a family member as a co-borrower to help you qualify. It's a fixed-rate loan with lower fees and Private Mortgage Insurance (PMI) than a typical FHA loan — so it's built to be more affordable and flexible.
EXPLORE HOMEACCESS
If you're buying your first home or don't have a big down payment saved up, an FHA loan could be a great fit. You can put down as little as 3.5%, use gift funds1 from family, friends, or even certain organizations and still qualify with more flexible credit requirements than most conventional loans. It's insured by the government and comes with fixed-rate options, so your monthly payments stay predictable.
LOOK INTO FHA LOANSSchoolsFirst FCU Home360® pairs you with a loan consultant and real estate agent, helps you save for your down payment faster and gives you cash back to get settled in your new home — so you can stop stressing and start house hunting with confidence.
LEARN MORE
Buying your first home is a big deal — and it's easy to feel like you're supposed to know everything from the start. But the truth is, most first-time buyers figure it out as they go. That's why it helps to know where others have stumbled. Whether it's skipping the preapproval step, underestimating the true cost of ownership or falling in love with a home that's out of budget, these common mistakes can cost you time, money and peace of mind. This quick read breaks down four of the most frequent — and expensive — missteps first-time buyers make and how to avoid them. If you're just getting started, this advice can save you a lot of stress later.
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Most financial experts recommend keeping your total monthly mortgage payment — including principal, interest, taxes and insurance — under 30% of your gross monthly income.
That said, affordability depends on more than just income. Your credit history and debt also play a role, and so does your comfort level. A loan consultant can help you understand what's realistic for your unique situation and goals.
Prequalification is a quick estimate based on the financial information you provide. It's helpful for early planning and gives you and your agent a sense of your price range.
Preapproval, on the other hand, involves a lender reviewing your credit, income and assets. It results in a preapproval letter, which strengthens your offer and shows sellers you're ready to buy.
You don't need 20% down to buy a home. Some of our loans allow for as little as 3% down, depending on your financial profile. However, making a larger down payment can offer advantages: lower monthly payments, better interest rates and avoiding mortgage insurance. It can also make your offer more competitive. The right amount depends on your goals, savings and comfort level. A loan consultant can help you weigh your options and find the best fit.
Your credit score is just one part of the story. As a Credit Union, we look at your full financial picture — not just a number. That means your income, savings and goals all matter too. A loan consultant can help you understand where you stand and what options are available.
There are many loan options out there — conventional, FHA, fixed-rate, adjustable — and it's easy to feel overwhelmed. Each has its own benefits depending on your credit, income, down payment and long-term plans.
The good news? You don't have to figure it out alone. A loan consultant can walk you through your options, explain what fits your situation best and help you feel confident in your choice. We're here to guide you — not just through the process, but toward the loan that truly works for you.
Log in with your SchoolsFirst FCU user name and password, or as a guest.
Discuss your options with a real estate loan consultant in person, over the phone or at a branch.
Monday through Friday, 8 a.m. – 7 p.m.
Saturday, 9 a.m. – 3 p.m.
APR = Annual Percentage Rate. All loans subject to approval.
NMLS Identifier: 405503
CA Insurance License 0I19344. Purchasing an insurance product from SchoolsFirst Insurance Services is not required to originate a loan with SchoolsFirst FCU.
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