Search Locations ATMs Español Personal Business Commercial Money Tips Sign In Mortgages should be flexible. Our low-risk mortgages come with fixed rates or protection against payment increases. WaFd Bank Personal Banking Home Loans First Time Home Buyer Loans First Time Home Buyer Home Loans If you’re buying your first home, you probably have a lot of questions. We’re here to help. Our local loan officers will guide you from start to finish. You can apply online, securely upload documents and receive status updates via our convenient portal. And after you move into your new home, our bankers here at WaFd will help you with all your banking and financing needs. Clients who bank with us receive discounts on closing costs when mortgage payments are pulled from a WaFd Bank checking account. And, if interest rates go down in the future, WaFd offers low-cost modification and refinancing options to our existing mortgage clients. See Today's Rates Find a Loan Officer First Time Home Buyer Loan Calculator Purchase Price $ Down Payment $ % $ Loan Term 30 Year Fixed 15 Year Fixed Interest Rate 30 yr 3.00 APR 15 yr 2.75 APR See today's rates $ 1,720 Your Estimated Monthly Payment $1,181 Principal & Interest $224 Taxes $315 Insurance Contact a Loan Officer Payments quoted may include estimates of taxes & insurance, so actual payments may be higher. Subject to credit approval. APR (Annual Percentage Rate) is based on loan amount and interest rate. 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. The Advantage of a Portfolio Lender Benefits of working with WaFd Bank We keep your loan and don't sell it to Wall Street or Fannie Mae. Our loan officers are standing by to help you with every step. We are not paid on commission, so your needs come first. Your neighborhood loan officer can help you get started Find a Loan Officer Mortgage Basics 9 Major Steps of Buying a Home How does a lender decide to approve a home loan? Best Way to Buy a House Save Up to $600 on Closing Costs With a Checking Account From WaFd Bank* Find out how! Mortgage Process Roadmap Credit Approval Meet with your neighborhood home loan officer to review your options and complete our home loan application. Find a Loan Officer 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. 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 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 When it's time to get a loan, what counts? What do you need when applying for a home loan? How much should you put down on a house? See more FAQs 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. 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