It’s your first home, but it’s not our first mortgage.
HUECU is here to help you through every stage of the process.
How Much Can You Borrow?
The first step of buying a home is mortgage pre-qualification. When you are pre-qualified for a mortgage, our staff will discuss your needs to help determine how much you may be eligible to borrow prior to submitting a mortgage application.
A pre-approval is one step further than prequalification and requires additional documentation. With a pre-approval, we will provide a letter which tells sellers and real estate agents that you are financially prepared to negotiate a purchase. Pre-approvals are valid for 90 days.
Not sure where to start?
Try out some calculations below to see different mortgage options and find one that is right for your budget.
Tools and Resources
How much home can I afford?
Which is better: Fixed or adjustable-rate mortgage?
Compare a 'no-cost' vs. traditional mortgage?
Comparing mortgage terms (i.e. 15, 20, 30 year)
Subject to credit approval.
1. Must be owner occupied property, Home Ready product is not eligible for discount. 2. Credit does not apply to No point no closing cost program. 3. Low income limits set by most recent data available at Huduser.gov. 4. Must be registered prior to attending event to receive the bonus. $25 bonus will be deposited into HUECU share savings account within 30 days of attending the event. One per household. If not a current HUECU member, you must establish your account within 30 days of attended workshop to receive the bonus.