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.

Apply Now

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.

Are you looking to buy your first home? This is a big decision, and Mountain America Credit Union is here to help. Our team of mortgage experts in Utah and surrounding states will guide you through the home-buying process, ensuring you have an easy, worry free experience. After all, buying your home is just the first of many firsts you’ll experience in it. 

Benefits of the First-Time Home Buyer Loan

Partnering with Mountain America to purchase your home is a smart choice. Here are just a few of the ways we help you on the road to owning your first home:
  • Up to 100% LTV financing (OAC)
  • Down payments as little as $1,000
  • No income limitations
  • No private mortgage insurance
  • Loan amounts up to $300,000**—calculate your payment
  • Seller can contribute up to 3% toward closing costs
  • Fixed rate and adjustable rate options available
  • No prepayment penalties
  • Payments conveniently deducted from your Mountain America checking or savings account each month1
  • Quick Close electronic closings available

Get $500 cash back*

Don’t wait. Rates are low and now is a great time to buy your first home with Mountain America Credit Union.

Apply Now


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. 

Apply Today

First-Time Home Buyer Loan Calculator

Use the mortgage calculator below to help you determine your monthly payment, total interest expense, and more. Simply enter your mortgage amount, interest rate, and mortgage term to see all the details of your home purchase. You can even see how interest rates, loan lengths, and down payments will affect your overall cost and monthly payment. 

Once you have calculated different loan options, and identified the one that meets your situation, it's time to get started on your first mortgage. And we can help. Simply visit your nearest Mountain America branch, call 1-800-227-7703, or get preapproved online by clicking the button below. 

Get Preapproved

First Time Home Buyer Tips

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

*$500 cash back on new purchases only. Money will be deposited into account after the loan closes. 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.

See current rates and terms. The minimum monthly payment for a loan with a 5.25% APR and 30-year term is $5.52 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.

Your actual rate, payment, and costs could be higher. Get an official Loan Estimate before choosing a loan. 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.

**Limits have increased in some areas—ask your mortgage specialist for details.

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