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First-Time Homebuyer

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Welcome - First Time Home Buyers

We provide personalized mortgage options and expert support to help you buy your first home with confidence.

The right mortgage lender can make all the difference.

Not all mortgage rates and fees are created equal, and taking the time to compare can lead to significant savings over the life of your loan. Our loans are serviced in-house, ensuring that help is always nearby when you need it. As trusted local lenders who understand the market, we are dedicated to providing personalized support every step of the way. Let us help you turn your homeownership dreams into reality.

Flexible Fixed and Adjustable Rate Options

Choose a Fixed Rate Mortgage for predictable payments or an Adjustable Rate Mortgage (ARM) to start with lower initial payments.

Fixed Rate Mortgages


  • Stable, predictable monthly payments for the life of your loan.
  • Protection from rising interest rates, providing peace of mind.
  • Choose from a variety of term lengths—10, 15, 20, or 30 years—to match your financial goals and timeline.

Adjustable Rate Mortgages


  • Flexibility to adjust to market conditions, offering potential savings in the initial years of the loan
  • Competitive interest rates that can be lower than fixed-rate mortgages, making homeownership more affordable
  • Ideal for first-time homebuyers or short-term homeowners, with lower initial monthly payments to ease budgeting

Why Choose SCU Credit Union?

We service mortgages locally, meaning your loan stays with SCU Credit Union—from origination to servicing. 

We proudly serve local communities, offering convenient locations in Sharon, Mansfield, North Attleboro, Foxboro, East Walpole, Taunton (two branches), and Brockton (four branches). Our team is ready to help you achieve homeownership with competitive rates, no hidden fees, and unmatched personalized support.

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Homebuyer Seminar Recording

Whether you are a first-time homebuyer, planning to upgrade your current home, or looking to downsize, this seminar is designed to provide you with valuable insights and guidance throughout the home buying journey. Our knowledgeable speakers will cover these topics comprehensively, providing you with a clear understanding of the steps involved, the importance of credit, the roles of key professionals, legal considerations, and how SCU Credit Union can support you throughout the process.

Mortgage pre-approval made easy

Get pre-approved with SCU Credit Union's Smart Start Program. Down payments starting at 3%, up to $1,000 closing costs credit, and fast processing.

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Mortgages

Highlights


Competitive rates & Local Expertise

Low down payments (as low as 3% down for first-time homebuyers)
On-Time Closings and Superior Service

Homeownership starts here.


At SCU Credit Union, we offer competitive mortgages with personalized, local service for residents in Massachusetts and Rhode Island. First-time buyers, those refinancing, and homeowners seeking guidance are welcome!

Apply Now

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Lock Now, Lower Later

Float down your interest rate once, at no additional cost.

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Mortgage | Frequently Asked Questions

  • Can I refinance an ARM with SCU Credit Union if my needs change?

    Absolutely. SCU Credit Union offers refinancing options to help you find the best solution as your financial situation evolves.

  • Can I use a Fixed Rate Mortgage to refinance my current home?

    Yes! Fixed Rate Mortgages are available for both purchasing a home and refinancing an existing mortgage.

  • How can a Fixed Rate Mortgage benefit me?

    Fixed Rate Mortgages protect you from fluctuating interest rates, making budgeting easier and offering long-term financial stability.

  • What is a Fixed Rate Mortgage?

    A Fixed Rate Mortgage is a home loan with an interest rate that remains the same for the life of the loan, providing consistent monthly payments.

  • What happens when the introductory rate on my ARM adjusts?

    After the introductory period, your ARM interest rate will adjust periodically based on market conditions. The rate could go up or down, affecting your monthly payment.

    Our local mortgage consultants provide personalized service to help you choose the best loan option and guide you through the entire process. 

  • What are the benefits to Fixed vs. Adjustable Rate Mortgages?

    Fixed Rate Mortgages allow you to lock in a rate and payment for the term of your mortgage. If you plan to stay in your home for 10 years or more and/or prefer to have fixed, consistent payments then a Fixed Rate Mortgage may be beneficial to you.

    Adjustable Rate Mortgages offer a lower initial rate subject to adjustment after the fixed term. This type of mortgage would be beneficial to you if you only plan to stay in your home for a few years. This would also be a better option for you if you prefer to get a low monthly rate at the beginning of your loan.