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We're Here To Help You On Your Journey to Home Ownership

Buying your first home can be exciting and rewarding. Knowing that you can hang pictures on any wall you’d like without losing your deposit or that you can move walls and entire rooms, if you want, is a powerful feeling.

Trying to learn the ins and outs of the home-buying process, including which is the best loan for you, can also be stressful and confusing. There’s a lot to know, and it helps to have a guide who is working with you and will tailor the experience to your specifications.

That’s what the Mortgage Loan Officers (MLOs) at Seattle Credit Union do. They ask questions and really listen to your answers. Once they understand what you’re looking for, they go to work for you to make sure you understand what to expect and will stand by your side until you have your keys in your hand.

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Advice for First-Time Homebuyers

Our mortgage experts know the ins and outs of the home-buying process and can help you make sense of it all. We will find the loan program that best fits your specific situation. That can be helpful since there are a lot of options.

If you are just getting started, here's some great advice on what steps to take now.

  • Get organized. Discuss the documents you will need to provide with your lending officer. These may include pay stubs, bank statements and tax forms.
  • Know Your Score. A good credit score enhances your chance of being approved for a mortgage and may lower your interest rate. If your score is low, improve it by making timely payments, paying the monthly minimum (or more) and keeping existing credit card accounts with zero balances open.
  • Estimate how much you can borrow. You can get an estimate of how much you’ll be able to borrow by being prequalified for a mortgage. You can determine this from a lender after providing them with some financial information.
  • Understand costs. In addition to your monthly mortgage payment, you also pay taxes, private mortgage insurance (if your down payment is less than 20% on a conventional loan), home owners insurance, and several one-time fees at closing. These closing costs typically range from 2–6% of the total amount of the mortgage loan. Make sure you know the total cost.
  • Listen. Team up and utilize the opinions of your real estate agent, they know the neighborhoods and can help negotiate a fair price for the house you want. Your lending officer can also help you determine how much home you can afford.

Want to start talking? Reach out using the form below, or give us a call at 206.398.5888. We'd love to answer any questions you may have and build a customized plan for you.

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We offer some of the best rates around

As a not-for-profit, full-service mortgage lender we're able to offer a complete range of mortgage products at competitive rates and without many of the "gotcha" fees you'll find at other banks.

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How Much Home Can You Afford?

Use this calculator to help estimate how much of a home loan you can afford based on your income and current debt.

Are you struggling to save for a down-payment? We got you!

You're closer to home-ownership than you might think. You don't need 20% down to buy a home anymore.

To those looking to buy a home and secure their part of the American Dream, Seattle Credit Union says—do not fear! We are committed to helping you on your path to homeownership and prosperity with a variety of low-rate programs that don’t require large down payments.

We’ll work to get you into a home you love at a price you can afford. That way you can build your own equity instead of someone else’s. We’re committed to helping all community members prosper with a diversity of flexible, low-money—down mortgage options the ones below.

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VA Loans with 0% Down

You need to be able to make the monthly payments, but if you’re a qualifying vet with a job this gives you a chance to own a home immediately.

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The 1% Down Mortgage

We created this product specifically for members in our local housing market trying with their first home purchase. This is a great option when rising prices have made it difficult to save what other lenders require to qualify for a mortgage. Handy people can even do away with the 1% if they buy a fixer and make improvements themselves.

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3% down Home Possible and Home One Mortgages

These two products are available for those who haven’t been able to save the big down payment, and require just 3% of the sale price as a down payment: Home Possible for those with lower incomes, or Home One Mortgage without an income cap.

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We Wrote the Book on Homebuying

If you’re not sure where to start on your journey to buy a home, let us help. We’ve been helping members like you for decades. In fact, we’ve written a free guide to help you navigate your way to getting your dream home. Download the free 11 Steps to Homebuying eBook today. Or you can also talk to a friendly MLO to get your homebuying questions answered.

Download the Guide

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Green Loan Discount

Green building is a design and construction practice that promotes the economic well being of the family, community, and environment. Elements of green building include energy efficiency, water stewardship, environmentally preferable building materials, waste reduction, and toxic materials reduction. We are currently offering $400 off closing costs for green-built homes financed through Seattle Credit Union.

To qualify for a Green Loan discount, homes must be certified by Built Green, Energy Star, or LEED. Some restrictions apply. Call our mortgage experts at 206.398.5888 or contact us using the form below.

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What Our Members Say

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Marco L.

Member since Seatle, WA

I could not be more satisfied. Despite the length of time, my agent was continuously responsive and helpful at every step, often well after 5 PM. I always knew where we were in the process and what was coming next. They worked very hard to get the three refis correct and balanced them out so we were not out of pocket any money.

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Joel K.

Member since Seattle, WA

We really appreciated the great experience you provided for our mortgage loan. Your communications were timely. You led us through the process step by step. And you were so fast in getting the process completed! It was really refreshing to work with you.

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FREE, FAST PRE-APPROVALS

Having a pre-approval can be the difference between having the winning offer on your next house and watching some other family move into your dream home. Before you start shopping, talk to our MLOs and see how much home you can afford.

You can have an answer in just a few days, and Seattle Credit Union doesn’t charge pre-approval fees like some other lenders.

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Llamanos

Por favor llame al 206.398.5594 para comunicarse con nuestros representantes que hablan Español a fin de obtener detalles o si tiene preguntas.

Our home loan options

Having a trained Seattle Credit Union MLO in your corner can be your best resource for navigating the home-buying waters for the first time. We offer a full range of mortgage products so we can best meet our members needs and get them a mortgage that fits with their plans.

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On-page - Home Purchase Loan Lead Capture Form

Not ready to act just yet?

Just fill out your info below and we'll contact you and help answer any questions you may have.

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