Buying your first home is a very exciting
moment! One you’ll treasure forever, along
with other major life milestones like your first
car, your first paycheck…
Owning a home can be a significant first step in
attaining financial independence. We can help
you eliminate rent payments, build equity, and feel
the personal satisfaction of calling a home your
own.
Sonoma Federal Credit Union specializes in First Time
Home Buyers and has a wide variety of loan programs
available. And, no one works harder than Sonoma
Federal Credit Union to assist you in achieving the
American dream of home ownership.
Listed below are our low down payment programs
available:
- 5.0% down payment with “lender” paid private
mortgage insurance (PMI)
- 3.5% down payment Federal Housing Administration
(FHA)
- 3.0% down payment for HomePath properties (no
appraisal & no PMI)
- 10% down payment with “borrower” paid private
mortgage insurance (PMI)
- 20% down payment without private mortgage
insurance
All of the above loans have fixed rates and are for
30 years terms.
- Periodically, we have grant down payment loans or
other subsidized financing available. These loans
have income restrictions based on the county where
you buy the home. These loans typically require a
zero to 1/2% down payment.
Buying your first home is an enormous investment,
both financially and emotionally. We can make
your first home buying experience simple & easy—we
are local and are ready to meet with you face to face
to guide you through to your first dream home.
*Ask us about our list of Realtors to start your
search for your new home.
Contact
our Mortgage Center for rates, fees &
terms,
at 707-527-6216 or email:
loancenter@sonomafed.com.
Apply for your home loan now. |
