(upbeat music)
-: Hi I'm David, this is Katy.
Katy is a Loan Originator with Wright-Patt Credit Union.
If you're watching right now you're probably
a first time home buyer and you may be a little scared
about the process.
Katy. -: Yes.
-: Tell us why and how Wright-Patt Credit Union
takes the fear out of buying a new home.
-: Right, well if you call Wright-Patt when you're starting
your process, we'll walk you through the whole process.
Help you find what product's best for you
and actually we offer a lower down payment
if you're a first time home buyer.
We can give you as low as 3% down.
-: 3%?
-: Yes.
-: See that is low, that's a lot,
I feel like I paid a lot more than that down.
3%, so $100,000 house,
somebody has $3,000 that's what they put down on it.
-: Exactly.
-: So $200,000 house?
-: $6,000.
-: A $300,000 house?
-: That'd be $9,000.
-: Wow, $9,000 not $9,
you'll need more than that. -: Not $9.
Well tell me about FHA, let's talk about FHA.
-: Yeah.
-: I'm not exactly sure what that stands for,
I think I do but I'm probably wrong.
-: Right and you're not alone, a lot of people think FHA
stands for first time home buyer, but it doesn't.
It's actually Federal Housing Administration.
-: Okay.
-: And it's like a government loan
and you don't have to be a first time buyer to qualify.
Anybody that's a home buyer can qualify for FHA.
-: You talk about not being a first time home buyer,
what qualifies a first time home buyer?
-: Yes, good question.
So to be a first time home buyer you actually just
have to have not owned a home in the past three years.
-: Okay.
See I between a lot of people didn't know that,
I didn't know that. -: Yeah.
-: And CU Realty,
I've heard you mention this. -: Yes!
-: I think this is awesome.
-: Yeah so we actually have a program if you haven't started
working with a realtor yet we can get you in touch with one
who's experienced in the area you're shopping in.
-: Wow, you hear that?
All the fear just fading away.
It's not that scary, not with Wright-Patt Credit Union.
Announcer: Save better, borrow smarter, learn a lot.
Wright-Patt Credit Union is making life a little easier.