First Time Home Loans
We’ve got it all! Whether it’s in-house and brokered mortgages or fixed and variable rates, you name it! We offer terms up to 30 years without the pain of paying outrageous closing costs. We have the flexibility you need, so we can do what is best for you!
Home Loan Calculator
First-Time Home Buyer
Let TransWest make this a great home-buying experience.
Apply for a mortgageGreat Rates / Lower Closing Costs
Are you a first-time homebuyer looking for the perfect mortgage with great rates and lower closing costs? Look no further! Our experienced team is here to guide you through the process and help you secure the financing you need for your dream home. Because we are local our rates are low, you will save on closing costs and your payments stay in the community.
First-Time Home Loans
With a variety of options including in-house and brokered mortgages, fixed and variable rates, and terms up to 30 years, we have the flexibility to find the best solution for you. Say goodbye to outrageous closing costs and let us help make your home buying experience as smooth and affordable as possible.
Get Pre-Approved For A Loan
Find out how much house you can afford before you start looking. Our pre-approval process is easy and makes sure the money is there when you find the house of your dreams. Contact your local branch.
- Contact your local branch / loan officer
- Gather your documents: 2 pay stubs, 2 tax returns, 2 recent bank statements, and a copy of your driver’s license (front and back).
- Search for that perfect house
- Inform your realtor that you’ve already been pre-approved for a mortgage through TransWest Credit Union
Today’s Rates
| Term | Rate | APR* | Maximum |
|---|---|---|---|
| 5 Year Fixed Rate | 5.875% | 6.701% | $600,000 |
| 10 Year Fixed Rate | 6.000% | 6.441% | $600,000 |
| 15 Year Fixed Rate | 6.000% | 6.312% | $600,000 |
| 20 Year Fixed Rate | 6.750% | 7.000% | $600,000 |
| 30 Year Fixed Rate | 6.750% | 6.948% | $600,000 |
| 7 Year Adjustable Rate Mortgage | 6.750% | 6.966% | $600,000 |
| Type | Maximum | ||
|---|---|---|---|
| Home Equity Line | 7.25% APR* | $150,000 |
1st Lien Jr. Mortgages
| Term | Rate | APR* | Maximum |
|---|---|---|---|
| 5 Year | 6.125% | 6.125% | $150,000 |
| 10 Year | 6.250% | 6.250% | $150,000 |
| 15 Year | 6.250% | 6.250% | $150,000 |
2nd Lien Jr. Mortgages
| Term | Rate | APR* | Maximum |
|---|---|---|---|
| 5 Year | 6.875% | 6.875% | $150,000 |
| 10 Year | 7.000% | 7.000% | $150,000 |
| 15 Year | 7.000% | 7.000% | $150,000 |
| Term | Rate | APR* | Maximum |
|---|---|---|---|
| 10 Year | 7.750% | 8.338% | $400,000 |
| 7 Yr Fixed 30 Yr Adjustable Rate Mortgage | 7.625% | 7.894% | $400,000 |
* Rates shown are Annual Percentage Rates (APR), may change without notice, and are rates of mortgage sold on the secondary market. These rates are the lowest available and are based on an excellent credit score, owner-occupied property, single-family residence, and a Loan-to-Value ratio less than or equal to 80%.
Disclosure
The introductory 3.49% APR is for the first 6 months, the introductory rate will convert back to the Variable Annual Percentage Rate (APR) based on the Prime Rate, and will range from 4.25% APR to 18.00% APR based credit worthiness.
Home Equity Lines of Credit (HELOC) are a variable rate and have a 15-year draw with a 20-year term.
Your loan-to-value ratio or other restrictions may affect rate and loan approval.
TransWest Credit Union (NMLS #415974) and its mortgage representatives are registered with The Nationwide Mortgage Licensing System & Registry.