First-Time Homebuyer Program

Now may be one of the best times to purchase your first home

Let’s make it happen, together

Purchasing your first home is an incredible milestone. Yet it can also be overwhelming. Our First-Time Homebuyer Program* is available to owner occupied properties in Ohio and one our Mortgage Loan Officers will work closely with you from start to finish.

  • Minimum of 3% down payment
  • Down payment can be from a gift
  • Private Mortgage Insurance is not required
  • Maximum LTV 97%
  • No pre-payment penalty
  • Rates as low as: 3.472% APR*

How Much Home Can I Afford?

"How Much House?" It is important to think ahead to the complete costs of home ownership, and how these costs will fit into your budget. These calculations can be complex. When you're looking for a home loan, our First-Time Home Loan options may be perfect for you. Speak to a Mortgage Loan Officer today to help make the right decision for you.

Get Started Today

Apply online below or schedule to speak to Mortgage Loan Officer. Schedule online or call 614.707.4000. Have general questions? Visit our list of Frequently Asked Questions


 *APR = Annual Percentage Rate. Discount points are available to reduce your rate. The annual percentage rate is the cost of credit over the loan expressed as an annual rate. APR may vary. The final APR will be based on the final loan amount and applicable finance charges. No pre-payment penalty. BMI FCU is open to everyone who lives, works, worships or attends school in Franklin, Licking, Fairfield, Pickaway, Madison, Union, Delaware or Morrow County. Federally insured by NCUA. Rates, terms, and conditions are subject to change and may vary based on creditworthiness, qualifications and collateral conditions. All loans subject to approval. Equal Housing Lender. NMLS ID: 410831. Rate effective July 31, 2020.