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BECU First-Time Homebuyer Grant

Administered by: Boeing Employees Credit Union (BECU) · Nonprofit · Grant

Funding status: Active

How much assistance

Up to $8,000 (the lesser of 3% of purchase price, 3% of appraised value, or $8,000) (Grant)

No repayment required if borrower remains in home as primary residence for at least 3 years

Eligibility

  • Income limits: Income limits apply; verify current thresholds with BECU
  • First-time buyer required: Yes — No applicant on the loan may currently own residential real property
  • Geographic restrictions: Property must be in Washington, Oregon, South Carolina, Idaho, California, Arizona, Illinois, Kansas, Missouri, or Pennsylvania; single-family home, condo, or townhouse used as primary residence
  • Homebuyer education required: Yes

How to Apply for BECU First-Time Homebuyer Grant

Step 1: Become or be a BECU member, complete a homeownership course, contribute at least 1% of your own funds toward the down payment, and apply for the grant through your BECU mortgage application.

Notes

Available through BECU mortgage origination only.

Cities Where This Program Is Available