View Message

Please be advised that the ATMs at our Georgetown branch, located at 2142 Ralph Avenue in Brooklyn, may be temporarily unavailable due to a planned electrical shutdown on the following dates:
Wednesday, 6/19 to Friday, 6/21, from 5 PM until 2 AM
Saturday, 6/22, from 1 PM until 8 PM

During these times, please visit one of our other local ATMs or use our Digital Banking platform. We apologize for any inconvenience this may cause.

First-Time Homebuyers Program

Let Us Help You Secure Your First Home.

Preparing to take the plunge into homeownership? Congratulations! Let MCU help you start your homeownership journey off on the right foot—eligible members can receive a first-time homebuyer discount of 0.25%* off mortgage interest rates. 

Apply Now
Join MCU Today

Know the Steps to Take Toward Successful Homeownership.

Make your homeownership dream a reality. Understand the steps you need to take to get the best mortgage for your financial situation and successfully navigate the homebuying waters with MCU by your side.


Determine What You Can Afford.

To figure out how much home you can afford, take a look at your total monthly income, your current monthly home payments, and the amount you’re left with after subtracting recurring debts. A good rule of thumb: your mortgage payment should be about 28% of your monthly income.

Use Our Mortgage Calculator

Find the Right Mortgage for You.

Choosing a mortgage can play a huge role in determining your monthly payments. For example, a fixed-rate mortgage locks in the same rate for consistent payments, while an adjustable-rate mortgage (ARM) starts at a lower rate and fluctuates with market trends. Learn more about MCU’s home loan options.

Explore Our Home Loans

Apply for Your Mortgage.

Next, it’s time to apply for your MCU home loan! Members who have not owned a property in the last three years are eligible for a discount of 0.25%* off mortgage rates. Don’t miss out on this opportunity to save on your journey toward homeownership—visit the MCU Mortgage Center to apply today.

Apply For A Mortgage Today
Group 2319
Group 2320
Mask Group 92

Our Lending Specialists Are Ready to Help.

Need a hand with the borrowing process, or have questions about the first-time homebuyer discount? Our expert team of Lending Sales Specialists is ready to help you navigate your financial journey to homeownership.


Keep These Steps in Mind for a Successful Closing.

Securing a mortgage is just the beginning of your journey toward homeownership. Here are a few important steps to keep in mind as you move forward with closing on your new home.

No Matter Where You Are in Life, We’re Right There with You.

At MCU, we believe that a credit union should be a lifelong source of financial education and support—from planning for college to saving for retirement and everything in between.

That’s why we have specialized recommendations for products and services designed to help you meet your goals (both short-term and down the road), based on your changing needs and priorities.

Show Me Products For My Life Right Now
top top

Banking That’s Always by Your Side

Access the information you need, when you need it with our easy-to-navigate digital banking platform. Discover helpful tools and settings that make banking smarter, not harder.

Download the Mobile Banking App

Level Up Your Financial Literacy.

Whether you’re just starting to learn about personal finance or looking to take your knowledge to the next level, our educational tools and resources can help you build a solid foundation for financial success.

Explore Financial Literacy Resources

Get Answers to Our Most Frequently Asked Questions.

Is there a cap on how much I can borrow with a conventional loan?

Yes. A conventional loan will allow you to purchase a home for up to $647,200 in most counties and up to $970,800 in high-cost counties.

What type of documentation do I need for a conventional loan?

When you’re ready to apply for a conventional loan, it’s a good idea to have these documents ready to go:

  • Tax returns
  • Pay stubs, W-2s or other proof of income
  • Bank statements and other assets
  • Credit history report
  • Gift letters
  • Photo ID
  • Renting history
  • Debt history

Can I only buy certain types of homes with a conventional loan?

You are not limited in the types of homes you can buy with a conventional loan. You can buy a single-family house, condo, apartment, etc.—it’s up to you!

What is the primary benefit of conventional loans?

The primary benefit of a conventional loan is its ability to reward borrowers with good-standing credit with a much lower interest rate throughout the loan term.

How much of the down payment do I need for a conventional loan?

You will find that the minimum down payment for a conventional loan is 5%. However, those with lower credit or higher debt-to-income ratios may be required to put down a more significant initial down payment.

Ready to Own the Home of Your Dreams?

Join now to get access to the competitive rates, member-friendly loan products, and educational resources you need to secure an exceptional financial future.

Join Now
Why Join?

Eligible home buyers must not have purchased a home within the last three (3) years. Offer is exclusive to MCU members. Rates and terms are subject to change without notice. Certain restrictions may apply. For more details, see our Rates page.

You are now leaving the Municipal Credit Union website and entering a website hosted by another party. A link to this site is being made available for convenience and informational purposes only. Any products or services accessed through this link are not being provided by Municipal Credit Union and are solely the responsibility of the vendor or merchant hosting this other website. Please be advised that the vendor or merchant hosting this other website may have a privacy and information security policy that is different than that of Municipal Credit Union. Municipal Credit Union disclaims any responsibility for the content of the third-party website you are about to access.