First-Time Home Buyer

Relax, you don’t have to mortgage your future to get a mortgage. We understand how hard it is to gather enough cash to make a 10% to 20% down payment. We’ve gone through the process ourselves (although some of us are too old to remember it).

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A Home Run for 1st Time Home Buyers

For consumers looking to buy their first home, it's Mountain America Credit Union to the rescue! Thanks to our  oh-so-affordable 100% First-Time Home Buyer Loan Program, you can get into a new house with minimal out-of-pocket expenses—as little as $1,000 down, believe it or not. Added bonus: You can have a lower monthly payment because you aren’t required to get mortgage insurance.

The Smile-Inducing Benefits of a First-Time Home Buyer Loan:

  • Up to 100% financing (OAC)
  • Down payments as little as $1,000 
  • One low payment
  • 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 month*
  • Quick Close electronic closings available
  • Education on the road to homeownership**
  • Cheers, screams of joy, sighs of relief
Last of all, Mountain America is an Equal Housing Lender. 

Meet with a Mortgage Specialist

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


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

*This loan requires enrollment in the Automatic Payment Program.
**"Road to Homeownership" course is required to maintain program eligibility.


Loans subject to credit approval. 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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