First Time Homebuyer. Parents and baby playing in their new house.

Walk into your first home with the satisfaction of spending less to achieve this. With CFE’s First Time Homebuyer loan you will invest as little as 3% down with affordable closing costs.

Features and Benefits
  • Fixed-rate 30-year term
  • As little as 3% of the purchase price down
  • No pre-payment penalties
  • Income limits may apply
  • Used for Single family homes (Condos and Manufactured homes are not eligible)
  • Primary residence only
  • Affordable closing costs
  • Must have not owned a home in the past 3 years
  • Homebuyer education course required
  • Earn rebates when you use HomeAdvantageTM Program to buy or sell a home

Fixed Rate

Type Interest Rate Loan APR* Loan Points
30 Year First Time Homebuyer 4.375% 4.510% 0.000
10 Year Fixed Rate 3.625% 3.854% 0.000
15 Year Fixed (Low Closing Cost) 4.000% 4.310% 0.000
15 Year Fixed Rate 3.750% 3.909% 0.000
20 Year Fixed (Low Closing Cost) 4.375% 4.510% 0.000
20 Year Fixed Rate 4.125% 4.310% 0.000
30 Year Fixed (Low Closing Cost) 4.500% 4.628% 0.000
30 Year Fixed Rate 4.250% 4.384% 0.000

What to Expect

You can apply for a First Time Homebuyer loan in person at any CFE branch, by calling our Contact Center, or online.

Learn more about buying a house with CFE.

Buying a House

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