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Buying your first home is a big decision and Wanigas Credit Union is here to help! Our team of mortgage experts will guide you through the First-Time Homebuyer Loan Process, ensuring you have an easy, worry-free experience.

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Mortgage Rates

Applying is easy, Click ‘Apply Now’ and choose ‘Create Account’ to begin.


First Time Home Buyer Program

With the Exclusive Wanigas First Time Home Buyer Program, you choose one of the below options:

*A First Time Home Buyer is anyone who has not previously owned a home and is purchasing their first home. To qualify for the program, the following criteria must be met with your Wanigas member account: Checking Account, a Wanigas Debit Card, established direct deposit  with sign-up for automatic payment from your Wanigas account. Some restrictions may apply. This program cannot be combined with any other offer or promotion.
**$500 off for loan amounts below $50,000. $750 off for loan amounts $50,000 and greater.


What First Time Home Buyers Need to Consider:

There is much more that goes into buying a house than just your mortgage. If this is your first time purchasing real estate for yourself or your family, be aware of the various financial factors and how they impact your final purchase price and monthly payment. 

Down Payments

The down payment you provide for a home both secures your property and protects it against additional interest charges. Down payments fluctuate widely between buyer goals, loan types, and term lengths. Generally, the minimum down payment is only 3% but, everyone's minimum down payment may vary based on their situation.

Closing Costs & Prepaids

The fees associated with transferring homeownership, as well as completing the sale of a home, are known as closing costs. Although the name suggests they might be an afterthought, you should factor in that closing costs average between 3% to 5% of your total loan. Ensure you have the additional funds to cover closing costs at the time of purchase.

Prepaids are payments made in advance; due to obtain the mortgage (i.e. Homeowners Insurance, etc). Please note the FAQs below for further details.


What you need to apply for a Mortgage:


First Time Home Buyer's FAQ:


Ready to Apply for a Mortgage?

Applying is easy, Click ‘Apply Now’ and choose ‘Create Account’ to begin.

Let us help get you into the home of your dreams. You can apply for your Wanigas Credit Union mortgage online. For more information call (989) 799-6011 or (800) 675-2285 ext. 782.

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