No Mortgage Insurance Required
Keep more money in your pocket every month—no PMI required.
Buying Your First Home?
Make it more affordable with the RFCU First Time Home Buyer Program
Buying your first home can feel overwhelming—but you don’t have to figure it out alone.
We specialize in helping first-time buyers understand their options, qualify with confidence, and move forward with a clear plan.
Save more from day one with no PMI options and closing cost credits on eligible loans*. First‑time homebuyers also may receive a $350 lender credit applied at closing.
Contact a Mortgage Loan Originator Today →
Closing Cost Credit for Primary Residence Purchases
Reduce what you need upfront with available closing cost credits.
Talk to a Real Local Loan Expert
Get clear answers and personalized options—no pressure.
How It Works
This simple 3 step process
1. Tell us about your goals
Share a few details so we can understand what your looking for
2. We review your eligibility
We will review your information and determine what your'e qualified for.
3. Get personalized loan options
A loan expert will provide you with options tailored for you.
Not Sure Where to Start?
That’s completely normal. Most first-time buyers have questions about credit, down payments, and affordability.
We’ll help you:
Understand how much home you can afford
Explore loan types and requirements
Navigate the full home buying process
First Time Home Buyer Program Benefits
Lower Upfront Costs
Closing cost credits help reduce the cash needed at closing, and eligible first‑time buyers may receive a $350 lender credit.
Lower Monthly Payments
No PMI means you may pay less each month compared to traditional loans.
Flexible Qualification Options
Programs designed to help first-time buyers with a range of financial situations.
Designed for Primary Residence Purchases
Focused on helping you buy your first home—not investment properties.
Simple, Guided Process
We walk you through every step so you know what to expect.
Local Expertise You Can Trust
Work with an RFCU Mortgage Loan Originator who understands your market.
Ready to Step Into Homeownership?
Create an account on our secure Home Loan Borrower Portal to begin your Loan application.
You can save your progress at any time, upload required documents securely, and track your application status—all in one convenient place.
MoveUp Home Loans: Frequently Asked Questions
What is a first-time homebuyer loan?
A first-time homebuyer loan is a mortgage designed to help new buyers qualify more easily, often with lower down payments, flexible credit requirements, and added benefits like reduced costs. At Rockland Federal Credit Union, we offer a variety of programs designed for first time home buyers.
Can first-time homebuyers avoid PMI?
Yes. Some programs, like ours, offer no PMI options, helping you lower your monthly payment compared to traditional loans.
What is PMI and why does it matter?
Private Mortgage Insurance (PMI) is a monthly fee that is typically required when your down payment falls below certain thresholds. Avoiding PMI can significantly reduce your monthly housing cost.
How much do I need for a down payment?
Our first-time buyer program offers low down payment options for eligible borrowers.
What are closing cost credits?
Closing cost credits help reduce the amount of money you need upfront when buying a home by covering part of your closing expenses.
Do I need perfect credit?
No. Many first-time buyer programs are designed with flexible credit requirements. We’ll help you understand what you're eligible for.
How do I know if I qualify?
The best way to know if you qualify is to contact on of our loan experts. They will review your information and provide personalized options.
You may fill out the short form above, or reach out to a Mortgage Loan Originator directly:
Christopher MacMillan at (781) 681-7826 or Michelle Garber at (617) 213-7709.
Is there any obligation to apply?
No. You can explore your options with no obligation and no pressure.
*First-Time Homebuyer Loan programs are available to eligible borrowers. Minimum credit score and other underwriting criteria apply. Closing cost credits are available on eligible primary residence purchase transactions. No mortgage insurance (PMI) is required on eligible loan options.
Eligible first-time homebuyers may receive a $350 lender credit at closing. At least one borrower must qualify as a first-time homebuyer, defined as not owning a residential property within the past three years. Credit is applied at closing and has no cash value outside of closing. This offer may not be combined with other lender credit promotions, including MoveUp lender credits. Subject to loan approval, underwriting guidelines, and program availability. Offer subject to change or discontinuation at any time. Additional terms and conditions may apply.
APR = Annual Percentage Rate. Rates are subject to change without notice and are based on credit approval. Payment amounts do not include property taxes, homeowner’s insurance, or HOA fees where applicable; actual payments may be higher. First-time homebuyer counseling may be required depending on eligibility. Additional terms and conditions may apply.
Consult a tax advisor regarding the deductibility of mortgage interest. For complete details, please speak with a Mortgage Loan Originator.
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