An ecstatic husband and wife each hold a key to their new home financed with a special mortgage program.

Mortgage Programs

Special Mortgage Programs

Find the assistance you need. See if you’re eligible for a special mortgage program.

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Get support from a team that’s focused on you

These special mortgage programs can help take some stress out of homebuying, so you can focus on getting home. And don’t worry, our mortgage lending partners will work with you to find the best programs and loan options for you. Let’s get started.

First-Time Homebuyer Program

The First-Time Home Buyer Program can help make buying your home more affordable. You may qualify if you’ve never owned a home or haven’t owned one in three years or more.

Qualified members can tap into up to a specific subsidy, and for 2023 it is $12,500.
Members must contribute $1,000 of their own funds towards the down payment and/or closing costs.
At the time of application and at closing, your household must have incomes at or below 80 percent of the area median income.
Homebuyers must complete the credit union’s prescribed homebuyer counseling, debt management planning, and default prevention program.

Keep in mind, the First-Time Home Buyer Program funds can run out quickly, so we recommend members apply for the program as early in the year as possible to secure them.

The funds can only be used with the Fixed-Rate Mortgage and the Adjustable-Rate Mortgage, not with the First-Time Home Buyer mortgage.

If you have questions or want to find out more about the program, contact our Experience Center.

A woman in her living room on her mobile phone is excited she could qualify for a special mortgage program to buy a house.

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.

Members must contribute $1,000 of their own funds towards the down payment and/or closing costs.
At the time of application and at closing, your household must have incomes at or below 80 percent of the area median income.
Homebuyers must complete the credit union’s prescribed homebuyer counseling, debt management planning, and default prevention program.
The maximum subsidy amount is $15,000. This amount may change annually.

Young couple touring a home and learning about community partners program

Home loans that get you moving

Mortgage Loans

Let’s get you settled. Check out our mortgage options and find the loan that works for you.

Adjustable-Rate Mortgage

An adjustable-rate mortgage (ARM) is a home loan that adjusts your rate after a period of either 5 or 10 years, depending on which ARM you choose.

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Fixed-Rate Mortgage

With a consistent interest rate for the entire term of your loan, our fixed-rate mortgage lets you settle in with peace of mind.

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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.

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