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First-Time Homebuyer Loan

After getting the First-Time Homebuyer Mortgage Loan, a husband and wife pose at home with an "Our first home" sign.
First-Time Homebuyer Loan

Here’s where your homeowner dreams begin

Maybe you want to own a piece of your hometown, or move from the mountains to the coast. Either way, homeownership strengthens your community connection and gives you more financial advantages than renting.



97% financing, less upfront costs


Haven’t owned a home in three years (or ever!)


Private Mortgage Insurance (PMI) not required with down payment of 20% or more

Guiding you every step of the way

Buying a home can be exciting — and confusing. That’s why we’ll be there to support you during your homebuying journey, especially if this is your first home. Our First-Time Homebuyer Loan combines special financing and terms with flexible options.

This loan also gives you access to other home financing programs that keep your upfront costs more affordable. 

You’re here. Now let’s make your dream a reality.

A couple snuggling on a sofa thinking about the future while using a mobile phone to apply for a First-Time Homebuyer Loan.

  • Must be a Civic member to apply. Join today.
  • Applicant must never have owned a home or owned one in the past three years
  • Choose from either an Adjustable Rate Mortgage (ARM) or a fixed-rate mortgage
  • With an ARM loan, you'll have a fixed rate for a set amount of time, and then annual rate adjustments until the loan is paid off
  • With a Fixed-Rate loan, you'll have a predictable rate throughout your term
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Surrounded by boxes, a couple is excited to finally move in after closing on a First-time Homebuyer mortgage loan.

  • No PMI required if down payment exceeds 20%
  • No down payment required
  • For buying primary residence only
  • Up to 97% financing available and no early pay-off penalty
Couple receives keys to their first home

  • Closing costs and any down payment may come from gift or grant funds, including gifts of equity between family members
  • Be in control of your future with flexible options
  • Enjoy step-by-step support from dedicated professional lenders
Family moving into their first home

Mortgage Calculators

Our calculators can help you build a budget and make the right mortgage choice.

Home loans that get you moving

Special Mortgage Programs

Whether you qualify for a grant or a tax credit, we'll add value to your home ownership experience by keeping it affordable.

First-Time Homebuyer Program

For help with a down payment on an Adjustable-Rate Mortgage, or closing costs, the Federal Home Loan Bank of Atlanta (FHLBA) First-time Homebuyer Program has got you covered. Find out more about the program. (And by the way, congrats!)

Community Partners Product

FHLBA’s Community Partners Product helps with home purchase assistance for essential workers and other qualified members, whether you’ve owned a home before or not. 

Visit the Mortgage Center

We've partnered with the Credit Union Mortgage Association (CUMA) for a streamlined homebuying process. Apply online through the Mortgage Center and a CUMA agent will reach out to you to talk next steps to prequalification. 

For the best member experience, use the Mortgage Center with a computer.

You know that details matter. [And you are in good company.]

Here are a few frequently asked questions:

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All mortgage loans are subject to approval and to credit union underwriting standards. Loan product, availability and terms are subject to change.