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Buying a home is within reach

With lower down payment options and more flexibility, this mortgage is a perfect solution for first-time homebuyers, making it easier for you to buy the home you want.


Looking for a low down payment option?

Saving for a down payment and closing costs can be a major hurdle for some when it comes to buying a home. Our First-Time Home Buyer loan helps you reach that goal faster by requiring as little as 3% down, while also allowing the seller to pay towards your closing costs.

Lower down payment
Flexible requirements
Low closing cost options
Not sure where to begin? Our mortgage specialists are here to help. Let us answer your questions and get you on the road to homeownership! Call us at (863) 688-8443 or toll free (855)915-4663 or apply online.

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Learn about First-Time Home Buyer Mortgages

  • As little as 3% down (ideal for first-time homebuyers)
  • Down payment may be a gift from relatives (excellent credit required)
  • Fixed interest rate providing set monthly payments (principal & interest) for a 30 year term
  • No penalty for paying your loan off early
  • For primary residences (Single Family Home)

Things to Consider

  • A mortgage with less than 20% down will require Private Mortgage Insurance (PMI), which could mean a higher monthly payment.
  • Putting less money down would increase your loan-to-value ratio and potentially could mean a higher interest rate.
  • Credit Smart / Homeownership education online course required (course can be completed at no cost to you and comes with certificate of completion)

Homeowners Insurance

Are you covered?

Protect your home inside and out. Compare multiple carriers to find the best deal available. Insurance products provided by MIDFLORIDA Insurance Services, LLC. Lic. #L084232
Notices & Disclosures
MIDFLORIDA Credit Union Membership, eligibility, and credit approval required. Available for first-time home buyers on a primary residence excluding mobile homes with a minimum credit score of 620. Payment example: A 30-year fixed rate loan based a credit score of 700 for $300,000 with 3% down at 7.375% and an Annual Percentage Rate (APR) of 7.465% has a monthly payment of $2,072.03 which includes principal and interest. Payment example does not include amounts for taxes, insurance premiums or private mortgage insurance premiums; the actual payment will be greater. Advertised terms are valid as of June 04, 2024, and subject to change without notice. Other conditions apply. Ask your mortgage loan officer for details.