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Move from Renter to Homeowner

Purchasing your first home is an exciting milestone along your financial journey, but it can also be intimidating. That’s where Signal steps in.

We offer:

  • Mortgage experts knowledgeable on the local market and homebuying process
  • Access to Freddie Mac’s HomeOneSM program for qualified first-time homebuyers1
  • Education resources, tools, calculators, and more so you can make informed decisions

Buying a Home is a Smart Investment

Even with today’s interest rates, a home can be a smart investment in the long run. Here’s why:

Home Values Rise Over Time

Home prices have increased steadily since the 1940s. If you plan to stay in your home longer than a few years, your dream home can also be a sound investment.

Home Related Tax Benefits

The home mortgage interest deduction enables you to subtract your mortgage interest payments from your federal taxes on the first $750,000 of your mortgage loan when you opt to itemize your deductions.

Future Opportunities to Refinance

Mortgage interest rates are subject to change over time. If rates decrease, you may have the option to refinance your mortgage, leading to a reduced interest rate and lower monthly payments.

Signal’s Content Corner

Our hub for articles, videos, and more about the homebuying process.

Mortgage Calculators

Not sure which mortgage is right for you? Our mortgage calculator powered by BalancePro can help.

HomeOne Program

The HomeOne program through Signal aims to serve qualified first-time homebuyers regardless of income level or geographic location.
  • Down payment as low as 3% towards home purchase – get into your home for less and save some of your hard-earned cash
  • No geographic or income limits so you can shop in the neighborhood you prefer
  • Flexibility to purchase the single-unit home of your choice, such as a single-family residence, townhome, or condo
  • Fixed-rate, fixed-payment mortgage – offers monthly payment predictability for easier budgeting
  • Mortgage insurance can be removed once 20% equity in the home is reached
  • At least one borrower must be a first-time homebuyer2
  • Borrowers must occupy the home purchased as their primary residence
  • Borrowers must complete an online homeownership education course

Save For Your Down Payment Faster with Signal Smart™ Savings

Our high yield savings account is the smart choice for your home fund. At a dividend rate of 4.008% APY3, you’ll earn more without having to do more, so you can spend more time at open houses.

Let’s Connect

Complete the form below and a member of the Signal team will reach out to discuss how we can help you transition from renter to homeowner.

Bank easier, bank faster, and bank better with Signal Financial Federal Credit Union.
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