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Young couple having first meal in new house
Young couple having first meal in new house
Young couple having first meal in new house
Young couple having first meal in new house
Young couple having first meal in new house
Young couple having first meal in new house
Young couple having first meal in new house
Mortgages should be flexible.
Ready to make a move?
Work with the bank with over 100 years experience.

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

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7,650Your Estimated Monthly Payment
  • $1,181
    Principal & Interest
  • $2,689
    Taxes
  • $3,780
    Insurance
  • 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

HELOC
Lot Loan
Refinance
Mortgage
Remodeling
Construction

The Advantage of a Portfolio Lender

Benefits of working with WaFd Bank
We keep your loan! We don't sell it to Wall Street or Fannie Mae.
We have competitive mortgage rates and will be with you every step.
You can quickly and securely apply online in minutes.
We keep your loan! We don't sell it to Wall Street or Fannie Mae.
We have competitive mortgage rates and will be with you every step.
You can quickly and securely apply online in minutes.

Your neighborhood loan officer can help you get started

Save Up to $600 on Closing Costs With a Checking Account From WaFd Bank*

Mortgage Process Roadmap


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Credit Approval
Meet with your neighborhood home loan officer to review your options and complete our home loan application.
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Purchase Agreement
When you and the seller have reached agreement on the purchase price for your dream home, you and your lender will work together to finish processing your application and complete the financing of your new home.
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Underwriting

Your lender will submit your final documentation to the underwriter for final approval. The underwriter follows the 3 C’s:

Credit
  • Credit History
Capacity
  • Cash Flow / Income
  • Cash & Liquid Assets
Collateral
  • Type of Property & Occupancy
  • Loan to Value
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Closing
Complete the final walkthrough of your new home and receive the final approval for the financing of your new home from your mortgage lender.

Frequently Asked Questions

See More FAQsarrow-right
info-circleStill can't fine what you are looking for? Contact your local branch or call us 24/7 at 1-800-324-9375.

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.