Skip to main content
Online Banking 800.362.3944

First-Time Homebuyer

Are you ready to buy?

A whopping forty percent of homebuyers are first-timers!  Find out how to get the ball rolling by answering our Five Questions below. But first, watch Jamie and Brad discover what it takes to buy their first place, with a little help from their friends at Heartland?

Apply Online

Five Questions: Are You Ready to Buy?
When is the right time to buy your first home? With mortgage rates about as low as we’ve ever seen, the answer is probably sooner than later. Here are some questions to consider:

  • How do house payments fit your budget?
    Remember, it’s not just a mortgage payment – you also have taxes and homeowners insurance to figure in. Fannie Mae recommends keeping house costs at no more than 28% of your budget or you run the risk of being house-poor. Figure out how much you can afford with our online calculator.
  • Is your credit in good shape?
    Your credit report will help determine what kind of home loan you can get. Uncle Sam requires the credit agencies to provide a free report every year – get yours here.
  • How much are homes going for in your dream neighborhood?
    The National Association of Realtors can help you search by zip code, by price, and even by number of bedrooms and bathrooms.
  • How much do you have for a down payment?
    Twenty percent is ideal, but it’s also the biggest hurdle for many first-time buyers. You may be able to purchase with a smaller down payment, but that will require private mortgage insurance.
  • Are you excited to finally have a place to call your own?
    Let us help you get started! Contact one of our Mortgage Lenders to get pre-approved–it’s free, quick, and easy!

Current Rates

Use Rate Tracker to notify you when a particular rate is available.

View Rates

Apply Online

Knowing your choices gives you the power to make good decisions.

Apply Now

Make Loan Payment

Make an online payment of your current home loan.

Make Payment

Are you ready to change?

Join Heartland and grow with us.

Join Now
Leave this Website?

You are leaving the Heartland Credit Union website. The website you are linking to is not operated by Heartland Credit Union. We are not responsible for any content or information posted to this external website. Heartland Credit Union is not responsible for, nor do we represent you or the external website if you enter into any agreements.

Privacy and security policies may differ between our website and this external site.

Proceed Cancel
Online Banking Secure Login

If you have not set up your username, please enter your account number.

Share via
Copy link