First Time Home Buyers

MCU offers first-time homebuyers the products and services that help make the home buying process a success. We offer flexible mortgage options with low interest rates and fees that help you afford the house that you want.

• Home Loan Payment Relief (HLPR) is designed for first-time home buyers who are purchasing an owner-occupied principal residence. Among the many benefits of this program is a highly competitive rate.
  
  
• Community 95 is another option offered to first-time home buyers with a flexible source of funds for down payment. Among the benefits are: a low down payment of just 5%, flexible credit guidelines and no monthly reserves.

Use our Mortgage Calculators, Home Buying Learning Guide and Home Buying Coach to better understand the process and what you can afford.

You can also visit Buying a Home within the Life Events section of this web site for additional information about the home buying process. To learn more about MCU mortgages visit the Mortgage Place, call 212-238-3521 to speak to one of MCU's Mortgage Specialists or stop by your local branch.

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