The Right Home Loan for You
Whether you're buying your first home, upgrading to your dream home, relocating, or purchasing an investment property, Golden 1 Home Loans™ has a loan to help you achieve your goal. We offer competitive interest rates, fixed and adjustable-rate loans, low down payment options, and jumbo loans for purchasing higher value properties. Get expert advice and personalized guidance from our Home Loan Advisors – right here in the Golden state.
ON MY WAY HOMEOWNERSHIP PROGRAM FOR FIRST-TIME HOMEBUYERS
Helping members make the move from renters to homeowners can help build wealth and create strong, vibrant communities. The On My Way Homeownership Program is a suite of homebuyer assistance programs designed to help you get On Your Way to owning your first home.
ON MY WAY CLOSING COST CREDIT
We offer a closing cost credit for eligible first-time homebuyers.* This closing cost credit is available to Golden 1 members with low-to-moderate incomes and provides a credit of either $2,500 or $5,0001 to help lower the upfront costs of buying a home.
Your closing cost credit may be combined with other state and federal homebuyer assistance programs, such as Fannie Mae Community Seconds and the Workforce Initiative Subsidy for Homeownership (WISH) grant, to make homebuying more affordable. To see if you qualify, contact a Golden 1 Home Loan Advisor.
WISH MATCHING HOMEOWNERSHIP GRANT
We believe everyone should be able to pursue the dream of homeownership and understand that one of the biggest hurdles is coming up with the upfront costs. That's why we offer the Workforce Initiative Subsidy for Homeownership (WISH) grant with our On My Way Closing Cost Credit.
WISH provides down payment assistance in the form of a 4-to-1 matching grant up to $29,172.2 For example, to receive the maximum $29,172 grant, you would contribute $7,293 or one fourth of the grant amount. To be eligible, you must be a first-time homebuyer* and meet specific income requirements. For more details and to see if you qualify, contact your local Golden 1 Home Loan Advisor.
For more helpful tips about homebuying and other financial topics, visit our Financial Wellness Center.
*To be considered a first-time buyer means you did not have ownership interest in a residential property in the last three years.
1To be eligible for a $2,500 closing cost credit, you must be a Golden 1 member for at least 90 days at the time of final loan approval and have an income at or below 100% of the Area Median Income (AMI) or 120% in high-cost areas. To qualify for the maximum closing cost credit of $5,000, you must be a Golden 1 member for at least 90 days at the time of final loan approval and have an income at or below 100% of the AMI or 120% in high-cost areas, plus have direct deposit or Bill Pay, or make 5+ transactions per month to a Golden 1 deposit account in the most recent month prior to closing.
2Restricted to households at or below 80% of Area Median Income (AMI). Grants may match a buyer's down payment contribution 4-to-1 for a maximum grant of $29,172. For example: A $29,172 grant would require a $7,293 contribution from the homebuyer. Participants must be first-time homebuyers and complete a Housing and Urban Development approved first-time homebuyer counseling program. First-time buyer means you did not have ownership interest in a residential property in the last three years. Funds are available annually on a first-come, first served basis. Maximum grant stated is for 2023 and is subject to change annually. Additional restrictions may apply.
Golden 1 Credit Union is not part of any government agency, nor do we represent or have endorsement from HUD, FHA, the U.S. Government, or any federal, state, or local government agency.