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 / Loans / Home Loans / First-Time Home Buyer

Home Loans, Mortgage Loans & Home Equity for home financing solutions. Receive $750 toward closing costs on new home purchase today.

 

First-Time Home Buyer Program

Low Interest Rates & Credit Union Home Loans for Your New Home

First-Time Home Buyer Financing Solutions: Loans, Mortgages & More

Buying your first home isn’t just a transaction, it’s an achievement. And as exciting as it is, it can also be a little overwhelming with all the various home financing options out there.

Programs Designed to Help First-Time Home Buyers

Which home loan is best for me? What are the home loan rates? How do I prequalify for a loan? Delta Community Credit Union’s First-Time Home Buyer Program* can help you answer all your questions and is designed to guide you through the process step-by-step, with time and money-saving options that will help you achieve your goal of owning a home.

First-Time Home Buyer Loan Benefits & Features

 

Who is this product right for?

Someone who is looking to purchase their first home.

Credit Union Home Loan Rates

At Delta Community Credit Union there are a wide variety of home loan programs and mortgage rates available. Deciding between a fixed rate home loan or an adjustable rate mortgage loan? Find the best quote that fits your needs.

View all of our:

Who is this product
right for?

Someone who is looking to purchase their first home.

Related Articles

  • FAQs about Applying for a Mortgage
  • 1. In what states does Delta Community CU offer mortgage loans?
    We offer first and second mortgages in the following states:


    Alabama Indiana North Carolina Utah
    California Kentucky
    Ohio Virginia
    District of Columbia Maryland South Carolina
    Florida Minnesota Tennessee
    Georgia New York Texas

    To apply for a mortgage in another state locate a credit union in your state at www.creditunionsonline.com.

    2. On what properties does Delta Community CU offer mortgage loans?
    We offer both first (purchase or refinance) and second (home equity) mortgages on the following properties:

    • Single family residence
    • Duplex/multi-unit building
    • Planned Unit Development (PUD) - subvision
    • Condominium
    • Townhouse

    The occupancy types are:
    • Primary residence
    • Second or vacation home
    • Investment Properties

    3. What types of mortgage loans are not offered at Delta Community CU?
    We do not currently offer FHA loans, construction loans, VA loans or "rehab" loans.


    4. What types of structures will Delta Community Credit Union finance with a mortgage loan? Loans are available on the following types of structures:

    • Single family residences
    • Duplex/Multi unit buildings
    • Planned Unit Developments (PUD) subdivisions
    • Condominiums
    • Townhomes
    • Land/Lot for future building of residence

    We do not offer mortgage loans on mobile homes.


    5. What type of first mortgage products does Delta Community CU offer?
    We offer the following types of first mortgages:

    Fixed Rate Mortgages-

    • 10-15-20 or 30 year terms with or without origination fee
    • Land/Lot Loans 5 and 10 year terms

    Adjustable Rate Mortgages

    • 3/1 year term ARM
    • 5/1 year term with or without origination fee ARM
    • 7/1 year term with or without origination fee ARM
    • 10/1 ARM
    • 3/1 Helper ARM
    • First Time Homebuyer 5/1 ARM

    First Time Home buyer Mortgages- No Origination Fee

    • 15, 20, 30 year terms
    • 5/1 ARM
    • 7/1 ARM
    • 10/1 ARM

    Jumbo loans

    • For properties over $417,000

    6. What type of second mortgage products does Delta Community CU offer? We offer the following types of second mortgages:

    Home Equity Fixed Rate

    • 5 10 or 15 year terms

    Home Equity Line of Credit (Not available in Texas due to state laws)

    Purchase Money Second Mortgages (first mortgage must be with Delta Community CU)

    • 5-10-15 year terms


    7. Where can I determine what my monthly payment and closing costs would be on a mortgage loan?

    Estimated monthly payment and closing costs for a first or second mortgage can be found by using our online Loan Consultant. Click here.

    8. On what day of the month is my first mortgage payment due?
    First mortgage payments are due on the 1st of every month. They are not considered late until after the 15th.

    9. How do I lock the interest rate on my application in process?
    You may lock in an interest rate with an online mortgage loan application or you may contact your Home Loan Specialist. If you do not know the Home Loan Specialist who has been assigned to your loan, click here for our Home Loan Specialists contact information.
    10. When will an appraisal be completed on my home and how much are the appraisal fees?
    Once an appraisal is ordered by Delta Community CU, the appraiser will call to make an appointment to appraise your home.
    Appraisal fees vary depending on the type of appraisal request and the size of the property to be appraised. Contact you Home Loan Specialist for further details. Click here for our Home Loan Specialists contact information.


    11. If I previously applied for a home loan. can I use the same Login ID and Password when applying for another loan?

    Each new mortgage loan application requires its own Login ID and Password

    12. I cannot remember the Login ID and Password to sign into my mortgage loan in progress.

    If you have forgotten your Login ID or Password, contact your Home Loan Specialist. If you do not know the Home Loan Specialist who has been assigned to your loan, any Home Loan Specialist can assist you. Click here for our Home Loan Specialists' contact information.

    13. I just submitted an application and would like to add or remove my spouse as a borrower.
    The Home Loan Specialist assigned to your pending mortgage loan would have to make any changes to the application. Click here for our Home Loan Specialists contact information.

    14. Do I receive a lower interest rate if I enter my mortgage application online?
    Online applications for mortgages do not receive a lower interest rate.

    15. How do I obtain a pre-approval letter?
    When you are pre-approved, you can log into your pending application online and print a pre-approval letter.



    16. I have applied for a mortgage loan and received my initial disclosures, but I have questions. Who should I contact?
    The Home Loan Specialist assigned to your loan application can answer questions about your initial disclosures. Click here for our Home Loan Specialists contact information.


    17. Are appraisal fees refundable if I do not qualify for the loan or wish to withdraw my application?
    Appraisal fees are not refundable.

    18. Do you offer a First-Time Home-Buyer program?
    Delta Community CU offers a First-Time Homebuyers loan product. Contact one of our Home Loan Specialists for details. Click here for a list of Home Loan Specialists and their locations.

    19. What is the minimum score needed to be considered for a for a mortgage loan? The minimum credit score differs depending on the loan product you choose and the loan to value (LTV) ratio.



    20. What is the contact information for the Real Estate Services?

    Mailing Address:

    Real Estate Services

    P.O. Box 3289

    Peachtree City, GA 30269


    Physical Address:

    Real Estate Services

    315 North Highway 74

    Peachtree City, GA 30269

    FAX Number: (770)-632-8829 - Servicing

    To contact our Home Loan Specialists by email click here.

    21. Does Delta Community CU sell my information to other companies after I close my mortgage for solicitations? It is the policy of Delta Community Credit Union to hold member information in confidence, subject to applicable legal requirements. It is the policy of Delta Community Credit Union not to sell member information for use by non-affiliated third parties. When you close on a mortgage, documents are required to record the transfer of ownership of a property. Since this is a matter of public record some third parties will scan such recordings, and use your name and address, along with Delta Community CU as the lien holder to send solicitations to you.


    22. Do I have to be a member of the credit union to apply for a mortgage loan? You do not have to be a member to make an application for a mortgage loan, but you must become a member prior to the closing of your loan.





  • Home Improvement Loan
  • I want to borrow money against my home. What type of loan would be best for me?
    You may apply for a Home Equity Loan by calling us at 1-800-544-3328 or by applying online. Rates and other information regarding our Home Equity Loans can also be found online.

  • Conventional Home Loan
  • What is a conventional home loan?
    A conventional home loan is a 10, 15, 20 or 30 year fixed rate or adjustable rate mortgage. This loan helps members to finance the purchase of a residence or provide cash from existing equity. Qualifying properties include primary residences second/vacation homes and investments.
    Apply online, call our Mortgage Call Center at 866-963-7811, speak with a Home Loan Specialist or click on Real Estate Loans for more information.



  • Adding person to Home Equity Loan without being a joint owner
  • Can the person who is on a deed be included on the Home Equity Loan without becoming a joint owner?

    Yes, a person on a deed can be included on the Home Equity Loan without becoming a joint owner on the member's account.

  • Joint owner apply for home equity loan
  • Can a joint owner on a 1st Mortgage apply for a Home Equity Loan? If so, does the joint owner on the 1st Mortgage already need to be a member with Delta Community CU? In order for the joint property owner to be able to apply for a Home Equity Loan, they will have to be on the Mortgage Deed and they have to be a member of Delta Community CU with their own Primary Savings Account. All property owners are required to sign closing documents.

Apply Now for Your Home Loan

It doesn’t take long to apply for a home loan online, and you might even receive an instant approval based on your credit report.

Mortgage or Home Loan Questions?

We provide several options to help you get the answers you need. Contact us at 1-800-544-3328 to speak to one of our Home Loan Specialists that is closest to you. We look forward to speaking with you soon.

Who is this product
right for?

Someone who is looking to purchase their first home..

 

*We will lend within our lending footprint. Qualification restrictions apply. **Lender-paid mortgage insurance.


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