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First Time Home Buyer Home Loans
If you're buying your first home, you probably have a few questions. We're here to help! Our local loan officers will guide you from start to finish, answering any and all questions along the way. We make it easy to submit documents and receive status updates with our convenient portal. And, after you move into your new home, our bankers here at WaFd will always be there to help you, not only with your mortgage but with all your banking and financing needs. Clients who bank with us receive discounts on closing costs when mortgage payments are paid from a WaFd Bank checking account. Plus, if rates go down in the future WaFd even offers low-cost modification and refinancing options to our existing mortgage clients.
If you're a first-time home buyer, finding and buying a house can seem daunting in this market. We believe an affordable home is the gateway to long-term and short-term financial success, and with a Smart Start Home Loan, we can help make your dream of homeownership happen. Plus, you could qualify for a $5,000 grant! Learn more
First Time Home Buyer Loan Calculator
- Payments quoted may include estimates of taxes & insurance, so actual payments may be higher.
- Loans are subject to credit approval. Restrictions and limitations may apply.
- 0.768333% tax rate used in estimate.
- Rates for owner occupied homes only.
- This calculator is for educational purposes only, and may not represent WaFd Bank's lending program requirements.
- Ask us about additional available loan programs.
- Payments quoted may include estimates of taxes & insurance, so actual payments may be higher.
- Loans are subject to credit approval. Restrictions and limitations may apply.
- 0.77% tax rate used in estimate.
- Rates for owner occupied homes only.
- This calculator is for educational purposes only, and may not represent WaFd Bank’s lending program requirements.
- Ask us about additional available loan programs.
Other WaFd Calculators
Other WaFd Calculators
The Advantage of a Portfolio Lender
Your neighborhood loan officer can help you get started
Mortgage Process Roadmap



Your lender will submit your final documentation to the underwriter for final approval. The underwriter follows the 3 C’s:
- Credit History
- Cash Flow / Income
- Cash & Liquid Assets
- Type of Property & Occupancy
- Loan to Value

Frequently Asked Questions
Want more help? Come See Us
If you're a first time home buyer and have done all your research but want help, just stop by. We're nearby, and we'll sit down with you and answer any questions you may have.
Arizona, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, and Washington* To qualify for the maximum $600 discount, before closing documents are prepared you must (1) have or open the WaFd checking account, (2) register for EZ-Pay from the new checking account, and (3) sign up for direct deposit of at least one form of a monthly recurring source of income.