Everyone deserves a place to call home
Find first-time homebuyer options with a lower down payment, a credit review that looks beyond your score, and support before and after closing.
More support for your first home
Get help with the upfront costs, credit questions, and preparation that come with buying a home.
A Lower Down Payment
Put less money down upfront, so you can keep more of your savings available for moving and other costs.
- A low down-payment option for qualified buyers
- Help understanding upfront and ongoing costs
- Guidance before you begin house hunting
A More Complete Credit Review
Your credit score is one part of the picture. We’ll also take time to understand the rest of your financial situation.
- Review with a Certified Financial Counselor
- More than your credit score may be considered
- Clear explanations of your options and next steps
Help Before and After Closing
Prepare with Fannie Mae HomeView®, then stay connected through practical tools and check-ins after you get the keys.
- Free online homebuyer education
- A toolkit for settling into homeownership
- Check-ins, workshops, and ongoing resources
Put as little as 5% down on your first home1
A lower down payment can leave more room in your savings for closing costs, moving expenses, and settling into your new home.
Why buy your first home with Linden?
You won’t be expected to figure everything out alone. We’ll take time to listen, answer your questions without judgement, and explain what comes next.
- A local team that takes time to understand where you’re starting
- Plain-language help with decisions and paperwork
- Certified Financial Counselors available when you want guidance
- Support continues after you get the keys
I have consistently had positive experiences with this credit union. What stands out most is the exceptional customer service. The staff knows me by name, takes time to answer my questions, and has helped me with checking, savings, CDs, and money market accounts. They clearly explain my options and ensure I feel confident in my financial decisions. It is refreshing to collaborate with a team that genuinely values its members and goes the extra mile. I highly recommend this credit union to anyone seeking a financial institution that puts their members first.
- Marlene R
- Linden CU Member
Current Home Loan Rates
| Loan Type | Term | APR1 as low as | Loan to Value (LTV) |
|---|---|---|---|
| Fixed Rate Mortgage | 30 Year | 6.875% | Up to 85% |
| Fixed Rate Mortgage | 15 Year | 5.740% | Up to 85% |
| Fixed Rate Mortgage | 10 Year | 5.740% | Up to 85% |
| Home Equity Line of Credit (variable rate – changes quarterly to Prime Rate) | Line of Credit | Prime Rate | Up to 80% |
| Home Equity Second Mortgage | 5 Year Balloon | 5.99% | Up to 80% |
| Construction Loan | Up to 12 Months | 5.99% | Up to 85% of cost or 80% of appraised value, whichever is less |
| Land Loan | Up to 60 Month Balloon | 1% over Home Equity Loan Rate | Up to 80% |
| Lot Loan | Up to 60 Month Balloon | .50% over Home Equity Loan Rate | Up to 80% |
| FHA, VA, USDA Mortgages | Term Options Vary | Rates Change Daily | LTV Requirements Vary |
1APR = Annual Percentage Rate. Rate based on creditworthiness and term of loan. Rates are subject to change at any time and are not guaranteed.
First-time homebuyer loan questions, answered.
What first-time homebuyer options do you offer?
We offer a lower down-payment option and a more complete review of your credit and financial situation. It’s normal to have a lot of questions, we’re here to help and find the right home loan for you.
Could my credit score keep me from buying a home?
Not necessarily. We look at the whole picture, not just a number, and we’re known for working with members who’ve been turned away elsewhere. If your credit isn’t where you’d like it to be, we’ll talk through your best options, including a credit-builder loan made to help you strengthen your score over time.
How do I know how much home I can afford?
Things like your income, monthly expenses, down payment, credit history and current rates all play a part. We’ll work through the numbers with you and help you find a price range that feels comfortable before you start house hunting.
Can I get pre-approved before I shop?
Yes. Getting pre-approved can give you a better idea of your price range, so you can focus on homes that fit your budget. If buying a home is on your mind, we’re here to answer your questions and talk through your options.
Who qualifies for a first-time homebuyer loan?
Generally, you’re considered a first-time homebuyer if you haven’t owned a home in the past three years. Our lending team can answer your questions and help determine options based on your unique circumstances.
Wherever you’re starting, we’ll start there with you.
