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As a first-time homebuyer, what’s the right mortgage for me?
orsa credit union’s team of local, experienced mortgage experts can walk with you and make the mortgage process easier. We’ll answer all of your questions on the purchase process and help find the right mortgage option for you.
Mortgage Specialists
Here to walk with you
Our mortgage specialists are here to guide you at every stage. Whether it's understanding your options or securing your loan, we make the journey simple and clear.
First-Time Homebuyer Promos
Current promotions
Shopping for a house? We just so happen to be running some promotions to help get you into the home of your dreams!
Community Heroes receive a $500 credit towards closing costs! Our Community Heroes credit is our way of saying “thank you” to those that dedicate their lives to improving the well-being of our communities. If you’re a "community hero" that's thinking about buying a new home, we're here to help. This credit is available for:
- Educators
- First Responders
- Military
- Medical
- Government
- Discover an appropriate price range and anticipated out-of-pocket costs.
- Shop with confidence and submit a stronger offer.
- Pre-approvals are valid for 90 days and are required by most realtors before showing homes. Contact a Mortgage Specialist today!
We’re making it easier for potential homebuyers to hit the market! Instead of the traditional 20% down, you can have the need for private mortgage insurance and escrows waived at just 15% on loan amounts $300,000 or less.
Some restrictions apply, including the financing of investment properties. Please contact a Mortgage Specialist for more details.
Affordable Housing
Affordable Housing
Specialty Mortgage Programs
Specialty programs
Explore unique financing options tailored to meet a variety of homebuying needs. From zero down payment programs and bridge loans to vacant land financing, these specialty mortgage solutions are designed to help you move forward—no matter where you are in your journey.
- Submit an offer without a contingency to close on your existing home first.
- Pairs well with a Bridge Loan to use the equity in your existing home as a down payment.
- Must have good credit and a minimum of 20% equity in the existing home.
- Available on the financing of primary residences only.
- Submit an offer without a contingency to close on your existing home first.
- Pairs well with a Bridge Loan to use the equity in your existing home as a down payment.
- Must have good credit and a minimum of 20% equity in the existing home.
- Available on the financing of primary residences only.
Mortgage Tools
Tools & checklists
Our Mortgage Team
Our Mortgage Team
Walk with us®
Buying a home is a big deal—and our local Michigan mortgage team is here to make it feel a lot less overwhelming. With expert guidance, competitive rates, and support from start to finish, we’ll help you find the right loan and make the process smooth, friendly, and stress-free. Whether it’s your first home or your next move, we’ve got your back.
Frequently Asked Questions
First-Time Homebuyer FAQ
To help you navigate the process with confidence, we've answered some of the most common questions from first-time homebuyers.
Our first-time homebuyer loan doesn't have a strict credit requirement, though some related programs require a credit score of 600 or higher to qualify. Speak with a orsa mortgage specialist to learn more about your options.
While many first-time homebuyer loans require a down payment, there are programs like our 0% Down Program that allow you to finance up to 100% of the home's value. We also offer options with as little as 3% down for qualified buyers. Additionally, our h-Ope!™ mortgage program may not require a down payment for qualified applicants.
Contact a mortgage specialist to learn more about the best option for you.
Typically, you'll need documents such as proof of income, tax returns, bank statements, and identification. Our mortgage specialists will guide you through the specific requirements and help you gather everything needed for a smooth application process.
Home is where the Belonging is
News
Additional $220k secured for affordable housing in Michigan
In 2024, we committed $60,000 to purchase over 20 acres of land destined for affordable housing in northeastern Michigan. Thanks to their relentless pursuit of doing the right thing, it was only the beginning…
News
Expanding and Preserving Homeownership in Otsego-Antrim Habitat for Humanity
Home repair is a critical part of ensuring safe and stable housing for individuals and their families. The Relentless Care Foundation is honored to support Otsego-Antrim Habitat for Humanity with a $10,000 grant to further their critical home repair program.
News
Expanding Access to Affordable Housing in Michigan
We partnered with Samaritas to expand access to affordable housing across Michigan.
Apply Today
We’ll answer all of your questions on the purchase process, and help find the right mortgage option for you.
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