Let's Talk
As a local credit union, we want to get to know you and help you achieve your goals. Come into a branch or call us today. Our people are happy to serve you.
Will & Kristin, proud senior puppy parents.
Need Help with the Down Payment on Your First Home?
We think the goal of homeownership should be for everybody. We also know that sometimes you need a little help to get you where you want to go. Don't worry, we've got you covered.
The Workforce Initiative Subsidy for Homeownership (WISH) Program is a down payment and closing cost assistance program that provides down payment assitance to eligible first-time homebuyers through a 4-to-1 matching program..
Here's how it works:
Let's say you have $5,500 for a down payment. WISH will match that with $22,000. Your total down payment on your first home is now $27,500.
WISH Program Details:
- Get up to $22,000 in assistance through the 4-to-1 matching grant¹
- If you stay in the home for 5 years, you don't have to pay back the grant²
- You must be a first-time homebuyer
- You must be at or below 80% of the HUD area medium income limits
- Available only on Conforming 30-year Fixed-Rate Loans³
Contact one of our mortgage consultants or send us a message in Online & Mobile Banking to see if you qualify.
Please note, while WISH is a federal program, SF Fire Credit Union is a California Real Estate lender.
Home Buying Articles
Before You Buy
Buying a home is an exciting time and a huge achievement. Before you buy that welcome mat, here are 11 things you should know and do.
What Not to Do
A lot of first-time home buyers make the same mistakes. So, before you buy that welcome mat, here are 7 things to avoid when buying your first home.
How Long Does it Take?
Tired of renting? Learn about the steps to buying a house in the Bay Area, how long it takes, and how to speed up the process.
Discover More
Jumbo Loans
Understanding jumbo loan limits
Average home prices in the Bay Area can be quite high. Find out if a jumbo loan is the right option for you.
Buy a Home
Our great rates, local expertise, and member-first service make us the best choice for your mortgage.
Our great rates, local expertise, and member-first service make us the best choice for your mortgage.
Stop by a branch
Branch hours
Mon – Fri 9:30 AM – 5:30 PM
Saturday 10:00 AM – 2:00 PM
Loans subject to credit and collateral approval. WISH program is not available in all counties. Restrictions may apply. Terms and conditions subject to change.
- Enrollment in the WISH Program is not a guarantee to the homebuyer of receipt of funds. The grant recipients must sign a Promissory Note, Deed of Trust and Rider to the Deed of Trust and there will be a lien placed against the subject property for the amount of the grant that will remain on the property for five years.
- The amount owed will decrease by 20% for each year the borrower retains homeownership of the property as their primary residence. No payments toward the grant are due as long as the homebuyer resides in the property and abides by the terms of the grant. After five (5) years, the grant is forgiven, and the lien is released from the property.
IMPORTANT INFORMATION ABOUT THE CONFORMING FIXED-RATE LOAN:
- This is a fixed-rate loan with fixed monthly principal and interest payments for the life of the loan. Loan amounts available up to $647,200 on 1-unit properties. Mortgage insurance is required for loans exceeding 80% LTV. Minimum credit score and reserve requirements apply and may impact the amount that can be borrowed and the interest rate/APR for which you are eligible. Displayed rates are for informational purposes only and are subject to change without notice. For mortgage loans, the APR may include the interest rate plus other charges or fees (such as discount points, mortgage insurance, and origination fees). The interest rate in this payment example is based on a variety of assumptions and conditions, including a consumer credit score which may be higher or lower than your individual credit score. Additional loan-level pricing adjustments may apply to your transaction. The following payment example is for illustrative purposes only and assumes a purchase of an owner-occupied single-family residence. The rate/APR is based on a variety of assumptions and conditions and is subject to change. Your rate/APR will be determined by your transaction’s specific characteristics.
Example: For a $285,000 30-year Conforming Fixed-Rate mortgage loan at 4.625% / 4.645% APR, the monthly principal and interest payment for 360 months would be $1,465.30. Payment amount does not include homeowners’ insurance or property taxes, which must be paid in addition to the monthly payment.
