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Guide for First-Time Homebuyers

Buying your first house is an exciting new experience, but it also might seem overwhelming and complicated, too. Our articles and resources are designed to empower you with the knowledge you need to confidently achieve your goal of homeownership.

Homebuying 101: Preparation

As a first-time homebuyer, you probably have lots of questions, and might not know where to begin. These articles will equip you with all the basic knowledge you need to put your plans into action.

Couple sitting on the floor of their new home financed with a loan from UW Credit Union

Before You Apply for a Mortgage

Let us demystify the world of mortgages for you. Once you’ve explored these articles and resources, you’ll have the know-how to move ahead with getting your first mortgage.

We’ll Help You Start the Mortgage Process

UW Credit Union will make financing your first home simple and affordable. As a first-time homebuyer, you can get up to $1,250 off closing costs,*¹ along with:

Expert help from experienced loan officers
Loan options to fit your budget
Quick, local lending decisions

Loan OptionsMeet Our Team

Preparing for Closing on Your Home

You’re almost there! Closing on your home is the final stage when you sign on the dotted line (many times!) and take ownership of your home. These resources will help you know what to expect and get fully prepared before closing day arrives.

Routing Number 275979076

About UWCU | Privacy Policy

* UW Credit Union closing cost credit is variable and may be up to $1,000. Credit will be calculated on actual cost, excluding owner’s title and transfer tax fees, and will be reflected on the Closing Disclosure (CD). Offer valid for purchase transactions only; refinances do not qualify. Offer valid for first-time buyers only. An individual is to be considered a first-time home buyer who (1) is purchasing a property; (2) will reside in the property as a principal residence; and (3) has had no ownership interest (sole or joint) in a residential property during the three-year period preceding the date of the purchase of the property. The discount will be applied at closing as a lender credit and reflected on the CD. This offer excludes VA, FHA, WHEDA, lot, construction, second homes, and Rapid Refinance loans. Offer valid for first mortgages only. Offer is subject to credit approval and underwriting and is subject to change without notice. Mortgage insurance is required for transactions over 80% LTV. This offer requires an established UW Credit Union checking account. No other discounts apply; cannot be combined with any other offers. Contact us for details.

¹Membership requirements apply. Member must have a UW Credit Union Premium checking account opened at least 20 days prior to closing date to receive up to a $250 closing credit, which will appear as a credit on the final Closing Disclosure. Credit will be calculated on actual cost, excluding owner's title and transfer tax fees, and will be reflected on the Closing Disclosure (CD). Offer subject to change and without notice. Offer may be combined with First-Time Homebuyer Discount for a maximum credit of $1,250, or it may be combined with $500 Closing Cost Credit for a maximum credit of $750, but may not be combined with any other offers. Offer valid for both purchase and refinance transactions. Offer is not available for the following loan types: lot, construction, WHEDA, FHA, VA, and Rapid Refinance. Contact us for details.

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