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Why TruWest

Perfect for First-Time Home Buyers

Conventional Loans

Saving a down payment for a new home can be challenging. Our conventional 3% down mortgage program offers an alternative financing option that features a lower down payment. With as little as 3% down and a lower mortgage insurance, your dream of owning a home is just around the corner.

  • Fixed-interest rate
  • Gift funds can be used toward down payment
  • Great for first-time home buyers
  • Flexible financing option for less than perfect credit score

Note: Private Mortgage Insurance (PMI) is required for this loan

Have questions? You can talk to a mortgage loan originator at 1 (855) 841-9203

Rates & Fees

Determine Your Costs

In order to see our most up to date rates please click the button below:
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Calculate Your Payment

Next Step

View FAQs


Frequently Asked Questions

  • Do I need to be a member TruWest Credit Union to get a conventional mortgage?

    Yes. A membership is required if you are approved for the loan.

  • What documents do I need to apply for a loan?

    To simplify your home loan process, here is a list of documents TruWest will be requesting:

    Standard required documents

    Employment & Income:

    – Paystubs covering the last 30 days

    – 2 most recent years W-2s/1099s

    – Most recent 2 months bank statements (all financial institutions)

    – Social Security Award letter (if applicable)

    – Retirement/Pension award letter (if applicable)

    – Most recent quarterly Retirement/Pension statement (if applicable)

    For purchasing a home

    – Copy of all pages of the purchase contract, including real estate agent name and phone number

    For refinancing a home

    – Homeowner’s insurance declaration page or name and phone number of insurance agent

    Additional documentation may be needed. Your mortgage loan officer will provide you a complete list of additional documentation required to complete your mortgage.

  • What should I consider when reviewing loan rates?

    Be an informed consumer by understanding the differences between home loan options and shopping around for rates. This will give you the essentials needed to pick the right loan for your situation.

    Think about how long you plan to keep the loan. If you are looking to sell your home in a few years, consider an adjustable-rate mortgage, which can provide lower payments and flexibility. But if you are in it for the long-haul, a fixed-rate mortgage can offer the comfort of always knowing your payment and an interest rate that doesn’t change over the length of the loan.


    Understand the relationship between rates and points. Points are considered prepaid interest and may be tax deductible. One point is equal to 1% of the loan, so one point

  • Who are loan originators that work with TruWest?

    These are our licensed mortgage loan originators.

  • Do you have any calculators or any other resources for help?

    Yes, check out the calculators tab to get an idea of your loan payment.

  • Does TruWest have any down payment assistance funds?

    Yes. TruWest offers the Workforce Initiative Subsidy for Homeownership (WISH), which provides qualified homebuyers a match up to $15,000 to use for a down payment. More details.

  • Can I qualify for a loan with Social Security or investment income?

    You may be able to qualify for a TruWest loan with Social Security or investment income. Click a loan type under “LOANS” at the top of the page to apply, or call 1-855-878-9378.

Next Steps

As easy as 1, 2, 3

How to Apply for a Conventional 3% Down Mortgage

  1. 1
    Apply online or by phone at (855) 841-9203.
  2. 2
    Applications with complete information will be processed and disclosed within 3 business days. A licensed TruWest Mortgage Loan Originator may contact you if additional information is needed.
  3. 3
    Once the application process has started, the origination process will begin. Origination times may vary based on transaction, but normally take 30-45 days.
  4. 4
    Once the loan has passed underwriting, a TruWest representative will contact you to arrange a closing appointment.

Note: A TruWest membership should be opened prior to loan approval but can be opened any time before loan disbursement (funding).


We're happy to help! Just give us your name, email and phone number and we'll get in touch with you shortly.

Must qualify as a TruWest member. Financing solutions not available in AK, HI, LA, SC, VT, and WI. Condominium financing not available in NY and with restrictions in certain areas in FL. All loans subject to credit approval and program terms, conditions, and restrictions. Programs, rates, restrictions, terms and conditions are subject to change without notice. NMLS ID 640299