Terms and Conditions

¹Eligibility Requirements: Offer is valid as of 10/1/2024. To be eligible for the Home Start – 100% First Time Homebuyer loan you must meet Valley Strong Credit Union’s income and credit requirements. This loan program is available only to first time homebuyers. Available for purchase transaction only. A first-time homebuyer is defined as someone who has not owned and occupied their home in the last 5 years, and who has not lived in a home owned by a spouse in the past 5 years. Must be applicants’ primary residence. Applicants must be a member of Valley Strong Credit Union (VSCU) for a minimum of six (6) months prior to applying for this loan program and must have an active direct deposit into their VSCU account prior to the loan closing. Membership must remain in Good Standing, no recent late payments, delinquencies, or defaults in the past 24 months and throughout the application and loan process. The applicant’s debt to income ratio (DTI) cannot exceed 45%. Closing Costs: Borrowers are responsible for covering closing costs associated with the new loan, which may include appraisal fees, title insurance, origination fees, and other expenses. Specific loan terms, including interest rates, repayment periods, and fees, will be disclosed at the time of application and are subject to change based on market conditions and individual borrower profiles. Documentation and Verification: Member’s must complete a residential loan application and provide documentation to verify income, assets, employment history, and other financial information as part of the loan application process. All loans subject to approval. Program is subject to change including rates, terms, conditions and may vary based on creditworthiness, qualifications, and property conditions.

²Funding Availability: The Home Start program is available on a “first come, first serve” basis, and funding is limited to the allocated $20,000,000 across Valley Strong Credit Union's serviceable markets.