Home Buyer Loan

Buying your first home just got easier. With Mountain America’s 100% First-Time Home Buyer Program, you can get into your first home with fewer hassles and little money down.

Get Preapproved

If you’re a first-time home buyer, Mountain America Credit Union can partner with you to help find your dream home with as little as $1,000 down and 100% financing to match. For a limited time, for each new first-time home loan financed, Mountain America will donate to the Humane Society of Utah. It’s an excellent way to give pets their first real home! Watch the video above for an inside look at a dog’s new home!

Benefits of the First-Time Home Buyer Loan

  • Up to 100% financing (OAC)
  • Down payments as little as $1,000
  • No income limitations
  • No private mortgage insurance
  • Loan amounts up to $275,000—calculate your payment
  • Seller can contribute up to 3% toward closing costs
  • Various payment options:
    • 5/1 and 7/1 adjustable rate mortgage with a fixed rate for the first 5 and 7 years respectively (for buyers who don't plan on living in one place for very long)
    • 30-year fixed rate mortgage (for buyers who expect to stay longer)
  • No prepayment penalties
  • Payments conveniently deducted from your Mountain America checking or savings account each month1
  • Quick Close electronic closings available
  • Education on the Road to Homeownership2

Get $500 at closing

New home purchases are eligible for a $500 bonus. Plus, if your loan does not close within 10 days of receipt of the appraisal, we’ll double it to $1,000!3

And help pets find a home!

For a limited time, Mountain America will make a donation to the Humane Society for each new first-time home loan financed. It’s an excellent way to give pets their first real home!

The Humane Society of Utah has been sheltering abandoned animals, fighting cruelty and neglect, and creating an environment of respect, responsibility, and compassion for all animals across our state since 1960. Find out more about the Humane Society of Utah or make a donation by visiting

Get Preapproved

Loan Closing Made EasyQC.jpg

Buying a home just got easier thanks to Mountain America’s Quick Close electronic mortgage process.

In addition to managing your closing documents from home, you can enjoy that convenience throughout the entire loan process.
  • Apply Online—No need to call or come into the branch to start your mortgage. One click can put you on the path to homeownership.
  • Upload Documents—Now you can save a trip to the branch by uploading all of your key mortgage application documents, including paystubs and tax information, from your computer.
  • Green and Secure—At the end of a traditional loan process, you typically leave with a huge stack of paperwork. With Quick Close, only a handful of documents are printed. The rest are securely stored on a flash drive that you can take with you.
  • One Signature—Review the documents from home and then provide a digital signature at the title office. It’s applied to the mortgage, and you’re on your way in no time.
Take advantage of a mortgage process that is quick, convenient, simple and secure. 

Meet with a Mortgage Specialist

Discover your mortgage options with these additional helpful calculators:

First Time Home Buyer Tips

Mortgage Tips

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It’s time to get into that first home, don’t you think?

1This loan requires enrollment in the Automatic Payment Program.

2"Road to Homeownership" course is required to maintain program eligibility.

310 business days from receipt of appraisal. Initial $500 credit issued on front page of HUD settlement statement at the time of closing. If applicable, additional $500 credit will be issued in the form of a Mountain America Visa® gift card. Not available on Construction, VA or USDA loans. Loans subject to credit approval. Equal Housing Lender. Membership required—based on eligibility. Refinance loans not eligible. Limit one per household. Cannot be combined with any other offers. Offer may change without notice. While supplies last. $1,000 offer ends 7/31/15.

See current rates and terms. The minimum payment for a loan with a 5.50% APR and 30-year term is $5.68 per $1,000 borrowed.  The monthly obligation will be determined by the total loan amount at the time of closing and the term and interest rate of the loan.  See our Loan Calculator for specific examples.

Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

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