First Time Homebuyer Program

Lower Closing Costs
Keep more of your money available for home expenses.
Discounted Rate
A lower rate can add up to meaningful savings.
Local Team & Personalized Support
A team of experts based right here in CT.
Low Downpayment Options
You don't need 20% down - ask us about our no or low downpayment programs.
Buying your first home is one of life's biggest milestones, and we're here to help make it happen. Through Sikorsky Credit Union's First-Time Home Buyer Program, eligible members can enjoy reduced closing costs, a discounted mortgage rate, and expert advice from an experienced Mortgage Team based in Connecticut that understands the communities we all call home.

Why Choose Our First-Time Homebuyer Program?

Lower Closing Costs
We’ll provide a $995 closing cost credit to help lower your upfront costs, leaving you with more money for moving, furnishings, or making your new house feel like home.
Discounted Rate
Enjoy a special 0.25% discounted rate if you select a 30-year fixed-rate mortgage*. A lower rate can mean meaningful savings over the life of your loan.
Simple Qualification
Members who have never owned a home may qualify by completing a free homebuyer course and our program eligibility acknowledgement agreement.

Your Dream Home Could Be Closer Than You Think

Whether you're just beginning to explore your options of you're ready to start house hunting, our experience mortgage team is here to help. With exclusive first-time homebuyer savings, local decision-making, and personalized guidance, we're committed to helping you take the next step toward homeownership with confidence. 

Frequently Asked Questions

A lender will look at your credit and work history, income, and assets to determine the maximum purchase price/loan amount you are qualified for based on current market interest rates. Once you get pre-approved, you’ll receive a letter stating how much you are qualified for (based on the information you provided). 

It is important to remember that the amount you are qualified for can change if your circumstances change or if interest rates change. A mortgage pre-approval is very helpful when establishing your budget, and it makes you more attractive to sellers. If you are searching for new home, it makes sense to get pre-approved and provide your Real Estate Agent with your pre-approval letter so they can start showing you homes.

The mortgage pre-approval process is a much more thorough review of your finances. Your loan officer will pull and review your credit and complete a comprehensive review of your work history, income documentation (W-2’s, tax returns), and available assets (bank and investments statements). Getting pre-approved will help you make an offer with confidence knowing the lender has most of the information needed to make a loan decision that is not associated with the property (i.e., appraisal, title search, homeowner association rules).

Getting pre-approved at Sikorsky Credit Union is quick and easy! Some of the documents you will want to get ready include:

  • Personal identification
  • Most recent month of pay stubs
  • Last two months of bank and asset statements (all pages)
  • W-2's from the last two years

Once you have everything you need, you can contact a Home Loan Consultant directly to schedule a face-to-face appointment at one of our branch offices. Or, if you prefer, you can apply online and someone will be in touch. Our Home Loan Consultants live and work in the communities we serve and offer personalized service tailored to your individual needs. They will be with you from start to finish to answer any questions you may have and guide you along the way. Once you are pre-approved, you will receive your letter and you can let your home buying journey begin.

*Terms and Conditions

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