Meritrust Credit Union | Meritrust Credit Union in Andover Derby Lawrence Manhattan Wichita Kansas

Buying a home is an important milestone in your financial journey, and our team would love to be part of your experience. With our trusted team of home loan experts and resources designed for first-time homebuyers, we'll ensure the home loan process is as seamless as possible.

What does the process look like with Meritrust?

Here's an example of what to expect throughout the home-buying process:

1

Complete your pre-approval application
Don't worry, you aren't committing to anything yet. This gives us an opportunity to determine your options.

2

A lender will reach out to you
After reviewing your application, a member of our team will reach out to you to discuss the best loan program for your needs.

3

Start shopping
Once you know what you can afford, you can start looking for a home within your budget. When you find the right home for you, this is when you'll make an offer.

4

Submit your loan application
When your offer is accepted, you will officially apply for a home loan with Meritrust. We'll help you out with any questions you may have.

5

Hang tight while we finalize everything
This is the underwriting process, where we review your application and provide final approval. If we need any additional information from you, we'll ask for it.

6

Close on your home
It's time to celebrate! You're officially a homeowner!

First-Time Homebuyer Programs & Grants

The Homeownership Set-Aside Program & HOPE Grant

Both the Homeownership Set-Aside Program (HSP) and HOPE Grant cover multiple financial aspects during the homebuying process, such as down payments, repair expenses and closing costs.

The HSP and HOPE Grant are especially helpful options if you don't have a high credit score, which can be required for some loans.

Talk to a Meritrust loan officer to see if you qualify!

Homeownership Set-Aside Program & Hope Grant

The Dream 100 Zero Down Payment Loan

With the Dream 100 Loan, you can get a home with zero down payment exclusively through Meritrust. To qualify, your new home will need to meet three different pieces of criteria:

The home is priced at or below $550,000.
The home must meet better-than-average conditions, determined after an inspection by a certified home appraiser.
The Dream 100 Zero Down Payment Loan can only be used on properties in a single-family style in which the buyer will be residing. It cannot be a multi-family residence or a rental.

The 97% Advantage Loan

With the 97% Advantage Loan, you only have to put down 3% on the house instead of the 3.5% required with a traditional FHA loan.

The down payment can be from you or another eligible source, like a family member.
Available for first-time and repeat buyers.
Minimum 640 credit score to qualify.
The ceiling loan amount is $806,500.