State Department Federal Credit Union First-Time Homebuyer Mortgage

What is State Department Federal Credit Union First-Time Homebuyer Mortgage?

State Department Federal Credit Union First-Time Homebuyer Mortgage is a grant for homebuyers in Statewide, California.

• 100% LTV mortgage for SDFCU members. No PMI, 30-year fixed.
• 100% LTV first mortgage with no PMI, no down payment for SDFCU members. 30-year fixed-rate. First-time homebuyer focus.

Do you have to pay it back?

State Department Federal Credit Union First-Time Homebuyer Mortgage is structured as a grant, so it is not repaid.

• Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

State Department Federal Credit Union First-Time Homebuyer Mortgage is open to first-time homebuyers and buyers who will live in the home as their primary residence.

What kind of home can it be used for?

State Department Federal Credit Union First-Time Homebuyer Mortgage can be used for Single-family, Condo, Townhouse.

Where does it apply?

State Department Federal Credit Union First-Time Homebuyer Mortgage serves buyers purchasing in Statewide, California.

How do you apply?

Applications for State Department Federal Credit Union First-Time Homebuyer Mortgage go through the administering agency.

1. 1

   Contact the administering agency to reserve funds

   Funds are reserved with the provider and are subject to availability.

2. 2

   Work with a lender who handles the program

   Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.