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your first home is a big step1st Mortgages & First-Time Home Buyer Loans
At Hercules First Federal Credit Union, we understand that buying your first home is a big step, and we’re here to make the process smooth, stress-free, and affordable. Whether you're purchasing your first home or entering the market after renting, we offer tailored solutions to fit your needs and financial goals. Our knowledgeable mortgage specialists are ready to guide you through every step, ensuring you feel confident and informed along the way.
Key Features
Up to 97% Loan-to-Value Financing
Get into your home with as little as 3% down!
Flexible Terms
Choose from fixed- or variable-rate options that best suit your financial plan.
Down Payment Assistance
We offer programs that help make your down payment more manageable for qualifying borrowers.
No Repayment Penalties
Pay off your loan on your schedule without the worry of extra charges.
Seller Contributions
In some cases, sellers can help with closing costs to reduce your upfront expenses.
Personalized Guidance
Our mortgage specialists are here to help you every step of the way, from pre-approval to closing and beyond.
Options
Our Mortgage OptionsWhat We Offer
1st Mortgages
Secure a loan for your first home purchase with our competitive rates and personalized options.
First-Time Home Buyer Loans
Special loan products designed to help you get into homeownership for the first time, with lower down payments and flexibility in terms.Apply Now
Let us help you take the next step toward owning your first home. Reach out to our team today to learn more about our First-Time Home Buyer Loans or to schedule an appointment with one of our expert mortgage specialists.
Hercules First Federal Credit Union Online Application Portal
Have Questions or Close a Mortgage
Book an Appointment to Speak to a Mortgage Specialist:
Conventional
Secure The Financing You NeedConventional Mortgages
At Hercules First Federal Credit Union, we offer Conventional Mortgages designed to help you secure the financing you need to buy or refinance your home. Whether you're purchasing your first home, upgrading to a new one, or investing in a second property, we provide competitive rates and personalized service to ensure you get the right mortgage to fit your financial goals.
Benefits
Background & BenefitsWhat is a Conventional Mortgage?
A Conventional Mortgage is a home loan that is not insured or guaranteed by the government. These loans typically offer more flexibility and may come with lower interest rates for borrowers with good credit. Whether you're looking for a fixed-rate mortgage or a variable-rate option, a conventional mortgage can be tailored to suit your homebuying needs.
Key Benefits of a Conventional Mortgage
Up to 97% Loan-to-Value Financing
Borrow up to 97% of your home’s value, allowing for a smaller down payment.
Flexible Terms
Choose between fixed-rate or adjustable-rate options, with terms that best suit your budget and financial goals.
Low Mortgage Insurance
If your down payment is less than 20%, mortgage insurance is typically required. However, we offer low-cost options that keep your payments affordable.
Available for a Variety of Properties
Financing is available for primary residences, second homes, and investment properties (up to a four-plex).
Gift Funds and Seller Contributions
Family members can contribute to your down payment, and sellers can contribute up to 3% towards closing costs, which may also be used to buy down the interest rate.
Choose
Why us?Why Choose a Conventional Mortgage with Hercules First Federal Credit Union?
- Personalized Assistance: Our mortgage specialists work closely with you to understand your unique needs and guide you through every step of the home loan process.
- No Hidden Fees: We believe in transparent, straightforward pricing with no hidden fees.
- A Strong, Local Partner: As a member-focused credit union, we are committed to providing you with the best possible experience, with a focus on your long-term financial success.
Have Questions or Close a Mortgage - Book an Appointment to Speak to a Mortgage Specialist:
FHA
A More Accessible PathFHA Home Loans
At Hercules First Federal Credit Union, we understand that buying a home is a significant milestone, and we're here to make it more accessible. Our FHA Home Loans are perfect for first-time buyers or anyone looking for a more affordable route to homeownership. These loans are backed by the Federal Housing Administration (FHA), allowing us to offer you lower down payments and flexible terms, even if you have less-than-perfect credit.
Key Features of FHA Home Loans
Low Down Payment
With an FHA loan, you can put down as little as 3.5%, making it easier to purchase a home with less upfront cost.
Competitive Interest Rates
FHA loans typically come with lower interest rates compared to conventional loans, helping you save money over the life of the loan.
Easier Credit Requirements
If your credit score isn’t perfect, don’t worry. FHA loans offer more lenient credit requirements, so you have a better chance of qualifying.
Fixed and Adjustable Rate Options
Choose from fixed-rate or adjustable-rate mortgage options, allowing you to tailor your loan to your financial needs.
Lower Closing Costs
FHA loans often offer lower closing costs, helping make the homebuying process more affordable.
Non-Traditional Credit
If you have limited or non-traditional credit, such as a history of timely rent or utility payments, these may be considered when applying for an FHA loan.
Choose
Why us?Why Choose Hercules First Federal Credit Union for Your FHA Home Loan?
- Personalized Service: Our expert mortgage team is dedicated to guiding you through the FHA loan process, ensuring you understand every step and feel confident in your decision.
- Flexible Financing: With lower down payments and more relaxed credit requirements, FHA loans make homeownership possible for more people.
- Local Expertise: As a member-focused credit union, we take the time to understand your needs and provide tailored solutions that work for you.
- Fast & Easy Application Process: Applying for an FHA loan at Hercules First Federal Credit Union is simple and straightforward, with the support of our friendly loan officers to assist you every step of the way.
An FHA Home Loan could be your key to owning a home with lower down payments, competitive rates, and the flexibility to meet your financial situation. Let Hercules First Federal Credit Union help you open the door to your dream home today. Contact us to learn more about how we can support your homebuying journey!
Have Questions or Close a Mortgage - Book an Appointment to Speak to a Mortgage Specialist:
Refinance
A Smart Way to Lower Your PaymentsMortgage Refinances
Refinancing your mortgage with Hercules First Federal Credit Union can be a smart way to lower your monthly payments, reduce your interest rate, or change the terms of your loan to fit your financial goals. Whether you're looking to save money, consolidate debt, or pay off your mortgage faster, refinancing can offer the flexibility you need.
- Lower Your Monthly Payments
- Consolidate Debt
- Shorten Your Loan Term
- Cash-Out Refinance
Lower Your Monthly Payments
Take advantage of current mortgage rates to reduce your monthly payment, freeing up cash for other financial goals.
Consolidate Debt
Use the equity in your home to consolidate higher-interest debt, like credit cards, into a single, more manageable payment with a lower rate.
Shorten Your Loan Term
Refinancing to a shorter-term loan can help you pay off your mortgage faster, saving you money on interest over the life of the loan.
Cash-Out Refinance
Access the equity in your home and get cash for large expenses like home improvements, education, or other investments.
Benefits
Competitive & FlexibleKey Benefits of Refinancing
Competitive Rates
Benefit from our low, competitive interest rates, which can make a big difference in your monthly payment and long-term savings.
Flexible Loan Terms
Choose from a variety of loan terms, from 10 to 30 years, to fit your needs.
No Hidden Fees
We believe in transparent lending, so you’ll know exactly what to expect without hidden costs or surprises.
Apply Now
Refinancing your mortgage can be a smart financial move—especially with the help of Hercules First Federal Credit Union’s experienced mortgage specialists. Our team will work with you to understand your goals and find the refinancing option that best suits your needs.
Ready to explore your refinancing options? Contact our mortgage specialists today to get started and see how we can help you save!
Have Questions or Close a Mortgage
Book an Appointment to Speak to a Mortgage Specialist
Rates
View Our Rates1st Mortgage Rates
*INCLUDES A 1% ORIGINATION FEE
Rates current as of July 23, 2025
** Rates, fees, and Annual Percentage Rates (APRs) displayed may change without notice. Actual rates, fees, and APRs may vary based on credit scores and other factors. Minimum down payment varies based on loan type selected. Mortgage loans are subject to closing costs. Loans with a Loan to Value (LTV) of 80% or higher are subject to Private Mortgage Insurance (PMI).