Purchase Products
Looking to purchase a new home?
Maps has the loan that is right for you!
FHA/VA Purchase
If you’re a homebuyer seeking a low down payment let’s explore your loan options offered through FHA and VA. With low down payment requirements, these programs can be a great fit.
Learn more at HUD.gov.
Home Ready/Home Possible
These special programs allow first time home buyers to put down as little as 3% when income does not exceed 80% of the Area Median Income limits for the property’s location. If this is your first time buying a home, our Loan Officers are here to help you understand the various programs available and get you into a home.
100% Financing
Maps Credit Union offers special 100% financing on the purchase of a primary residence. This program is available to members and members who are employed by the School Districts. Not a member yet? Speak to Mortgage Loan Officer to find out how to become a member and if these special products may work for your home purchasing scenario.
Conforming Purchase
Whether you are purchasing your first home, second home or investment property, Maps CU has a program that will fit your needs. With down payment options starting at 5% down (depending on property type) we are here to help you!
Home$tart: Down Payment Assistance
Home$tart is a down payment and closing cost assistance program offered by Federal Home Loan Bank(FHLB) Des Moines to qualifying first-time home buyers earning up to 80 percent of area median income for the location of the residence being purchased.
These grants may be used to purchase single-family homes, manufactured homes that are affixed to the property, condominiums, and town homes. The home you purchase must be used for your primary residence.
HomeStart will grant $15,000 per qualifying household and for qualified Native Americans, the grant is $25,000 per household under the Native American Homeownership Initiative.
Pairing the Home$start Down payment assistance with a conventional or FHA loan can help borrower have the money for the down payment and closing costs needed to close on a house.
Rural Housing Guaranteed Loan
The Rural Housing loan is designed to help First Time homebuyers with low to moderate income qualify for a primary home with 100% financing. Rates on the Rural Housing loan are traditionally lower than other programs due to the federal guarantee. Eligible properties are located in a USDA-eligible rural or suburban area. Contact a Mortgage Loan Officer to learn more about qualifications for this loan product.