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First-Time Home Buyer

Your journey to home sweet home begins here

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Tell us more about where you are in the home-buying journey.

If you’re ready to apply.

Congratulations! Once you have all necessary paperwork ready,
you can simply apply for a mortgage online or at your local branch.

Apply Now

Learn More

Take the first steps to home ownership by learning what to expect throughout the process.

  • Read through a simplified and summarized process, so you can feel confident about getting started and moving forward.

    1. Get pre-approved
    Work with your loan officer to turn your pre-qualification into a pre-approval so you can start shopping for your dream home!

    2. Find Your Real Estate Agent
    Let RCU help you find a trusted agent if you are not presently working with one. Ask about our HomeAdvantage program.

    3. You’ve Found the House!
    Let’s make the offer! Together with your agent, we’ll help you prepare your pre-approval and offer letters.

    4. Offer Accepted!
    Work with your loan officer to guide your loan through the necessary processing and underwriting steps.

    5. Inspections
    RCU will order a home appraisal; however, because this is one of the biggest purchases you’ll make, we encourage you to conduct your own home and/or pest inspection to learn everything you can about the property.

    6. Loan Approval
    HOORAY! You are very close to getting the keys to your new home! The approval may require you to provide some additional items before closing. Be sure to talk to your RCU loan officer with any questions.

    7. Closing Documents
    CONGRATULATIONS! This is the final step! You’ll sign your final closing documents, RCU will send the funds to the title company…then you’ll get the keys to your new home!

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What To Know About Getting Preapproved

Learn how a preapproval letter shows sellers you’re serious about buying and provides more negotiating power when it comes time to make an offer.

Learn More

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Home Buying Guide

Dive into a more comprehensive, yet easy-to-understand resource we’ve put together with new homebuyers in mind.

Explore the E-Book

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Mortgage Learning Center

Empower yourself with knowledge by looking through our specially curated collection of helpful resources.

Get Started

Prepare for a Purchase

Set yourself up for success by getting everything in order before you apply.

Mortgage Calculators

Estimate costs and determine how much you can afford.

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Application Checklist

Make sure you have all the right documents and information prepared before you begin the application process.

Get the lists
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HomeAdvantage

Connect with experienced, trustworthy agents – and earn cash rewards at closing.

Get Connected

First-Time Homebuyer Rates & Loans

Take advantage of our programs created with first-time buyers in mind. And if you need help choosing, we’re here to help.

HomeReady

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Interest Rate

as low as 3.250 %

APR

as low as 3.438 %

Term

up to 30 years

Adjustable-Rate Mortgage

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Interest Rate

as low as 2.875 %

APR

as low as 3.641 %

Term

up to 30 years

Conventional Fixed Rate

Apply Now

Interest Rate

as low as 3.250 %

APR

as low as 3.425 %

Term

up to 30 years

First-Time Homebuyer Rates & Loans

Take advantage of our programs created with first-time buyers in mind. And if you need help choosing, we’re here to help.

  • Available to qualified buyers with a low-down payment and no origination costs.

    Interest Rate as low as
    APR as low as
    Term

    3.250%
    3.438%
    30 years
  • These loans begin with a low, fixed interest rate for the initial term and then adjust according to an index. No processing fees, nor origination or closing costs.

    Interest Rate as low as
    APR as low as
    Term

    2.875%
    3.641%
    30 years
  • A great choice for buyers who want a stable monthly mortgage payment.

    Interest Rate as low as
    APR as low as
    Term

    3.250%
    3.425%
    30 years

Get Ready to Apply

Ready to make that home your own? Complete our simple online application.

Preapproval

Get more buying power with a preapproval, and get your letter quickly online.

Get Preapproved

Application

Complete our online application in as little as 15 minutes. And if you need more time, you can save your progress and return at a later time.

Apply Now

Have a question?

At RCU, we're known for our reliable service, and we'll answer your questions and calls quickly.

  • 1Certain restrictions may apply. Maximum Combined Loan to Value (CLTV) for rates listed above is 95%. Maximum CLTV for investment (non-owner occupied) is 80%. Rates and max CLTV assumes property is a single unit, primary residence, non-manufactured home. RCU mortgages are available only CA properties only. ARM rates are subject to periodic adjustments after loan closing, per the terms of the note.

    2Insurance products are not deposits of Redwood Credit Union and are not protected by the NCUA. They are not an obligation of or guaranteed by Redwood Credit Union and may be subject to risk. Any insurance required as a condition of an extension of credit by Redwood Credit Union need not be purchased from Redwood Credit Union and may be purchased from an agent or an insurance company of the member’s choice. RCU Insurance Services is a wholly-owned subsidiary of Redwood Credit Union. Business conducted with RCU Insurance Services is separate and distinct from any business conducted with Redwood Credit Union. License no. 0D91054. NPN no. 7612227.

    3 Non-closing cost product requires a minimum balance of $200,000 and includes a potential savings of $2,600 in closing costs.