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First Time Home Buyer Program


Buying your first home?

We can help you get your foot in the door.

At ALEC, we know that owning a home is still an elusive dream for some of our members. That’s why we’re committed to doing everything we can to help first-time buyers with pre-qualification and understanding the entire home loan process.

ALEC offers a variety of mortgage products to fit your personal needs. Our experienced loan representatives will be happy to discuss your options and opportunities with you, and let you know what you can expect from the very start until the time you’re ready to move in. 

Features of an ALEC mortgage:

  • Competitive interest rates, both fixed and adjustable 
  • Fixed-rate mortgages — borrow up to 97% of the home value with just 3% down 
  • Adjustable-rate mortgages — borrow up to 90% of the home value with just 10% down 
  • No application fee

When you’re ready, so are we.

ALEC makes it easy to apply for a mortgage online.* You can also visit an ALEC Service Center. Or contact a Mortgage Loan Representative.

Want more information? Click on the “Contact a Mortgage Loan Officer” button to submit your questions. An ALEC loan representative will then contact you to provide knowledgeable answers and assist with your loan application process. 


*All loans subject to approval. The ALEC First-Time Home Buyers Program is available to members purchasing their first home as well as members who have not owned a home in the past three years.

For a complete list of NMLS numbers, please click here.