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First-time homebuyer

Best Mortgage for First-Time Buyers: Make Homeownership a Reality With Heartland Credit Union

Buying a home for the first time can feel overwhelming, but with our friendly and experienced lenders, low first-time homebuyer interest rates, closing cost discounts, and more, you can affordably purchase your first house.

Today's first-time homebuyer rates

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30 Year Fixed

As low as % APR*

5 YR HCU ARM

As low as % APR*

7 YR HCU ARM

As low as % APR*
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Save $500 on closing costs!

First time home buyers may be eligible for a closing cost credit of $500*

Conditions
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Experienced mortgage lenders

We have experience providing the right mortgage option to many first-time homebuyers, so you can trust that you'll get approved as fast as possible.

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Low or no down payment

At Heartland, you may not need to have saved a 20% down payment, so you can purchase a home sooner.

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Low rates

Whether you get a fixed or variable mortgage loan, competitive rates ensure that your monthly payments are affordable, and you'll save money on interest over the life of the loan.

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Special promotions for first-time buyers

We try to make home buying easier and more affordable for those new to the process so first time homebuyers will enjoy discounted closing costs.

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Quick closing times

We want you to get your home as soon as possible, so we reduce the hassle by offering the fastest possible closing date.

Have a question?

Jeff R., VP of Mortgage Lending
NMLS #517356

Come meet our amazing team. We’re excited to help get you into your first or dream home or refinance your current mortgage. We’ll guide you on the best mortgages for first-time buyers in Wisconsin and other Heartland Credit Union budget-friendly home loans that fit your needs.

Set up an appointment

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VP Real Estate Lending, Jeff R.

April_WEB

April O.

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NicoleS-0823

Nicole S.

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Monthly Payment
Property Tax: 167
Homeowners Insurance: 100
HOA Fee: 0
Mortgage Insurance: 167
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Save money

First-time homebuyers save $500 on closing costs*

From having low or no down payment programs, low monthly rates for fixed or variable loans, or discounts on closing costs for first-time homebuyers, we strive to provide first-time homebuyers a mortgage with affordable payments that allow you to save on interest over the lifetime of the loan.

Apply for a mortgage
Father Working from Home

April was great to work with! It was a wonderful experience for my first mortgage loan. It was a lot easier than what I expected!

— Brandon W., Monticello, Member Since 2010

How it works

Shopping for a home can be time-consuming, but we have made applying for a first-time homebuyer mortgage fast and simple.

  • 1

    Complete an application

    Apply directly online or visit one of our branch locations to speak with us in-person.

  • 2

    Get approved

    We will review your application and notify you as soon as possible with the approval status of your mortgage.

  • 3

    Start shopping

    Once approved, you can start shopping for your first home.

Apply today and make your homeownership dream a reality

We offer the best mortgages for first-time buyers along with multiple mortgage options with fast pre-approvals and quick closing times to help you get into a home while saving you time and money.

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  • *Offer valid for first-time buyers only. An individual is to be considered a first-time home buyer who (1) is purchasing a property; (2) will reside in the property as a principal residence; and (3) has had no ownership interest (sole or joint) in a residential property during the three-year period preceding the date of the purchase of the property. The discount will be applied at closing as a lender credit and reflected on the Closing Disclosure. This offer excludes,  WHEDA, lot/land loans, and construction loans. Offer is subject to credit approval and underwriting and is subject to change without notice. Mortgage insurance is required for transactions over 80% LTV.  No other discounts apply; cannot be combined with any other offers. Contact us for details.

    APR is Annual Percentage rate. Rates are subject to change without notice. For adjustable rate loans, payment, rate and APR may increase after loan consummation.  Contact us for details.

    Display rates assume a $150,000 loan amount and a $250,000 value ( 40% net equity ), minimum credit score of 740, single family owner occupied Wisconsin property.

    This page is for informational purposes only.  Credit score, loan purpose, property type, occupancy status, loan to value, loan amount and debt to income can affect rates and fees. Always get an official Loan Estimate before choosing a loan.

    Heartland Credit Union NMLS 421437