✦Tucson Welcome Home
$0 Down Payment, Full of Possibilities!
Your dream of homeownership just got a whole lot easier. Through the new Tucson Welcome Home initiative, we’re working together with Tucson credit unions to bring you a groundbreaking opportunity – a $0 down payment home loan program!
With no down payment and no mortgage insurance required. We want our members to take full advantage of this opportunity – because at Tucson Old Pueblo Credit Union, we’re more than a financial institution; we’re your partner in every big life moment
How It Works
Together with other Tucson-area credit unions and the GoWest Credit Union Association, we’re proud to introduce this program, giving more people the chance to own a home in Pima County.
- Vantage West, Tucson Federal, and Pima Federal Credit Union are funding the loans.
- Hughes, Tucson Old Pueblo, and Pyramid Federal Credit Union are spreading the word to ensure you know exactly how to benefit.
Participating Credit Unions:
—these credit unions are ready to fund your loan today! Explore personalized financing options and lock in competitive rates by choosing one of our funding partners:
Why This Matters to You
As a not-for-profit financial cooperative, we’re committed to providing solutions that make life easier. This program helps eliminate a significant barrier to homeownership by offering:
- $0 down payment – No more waiting years to save for a large upfront cost.
- No mortgage insurance – That’s extra savings right from the start.
- Free pre-approval – Know your buying power right away with us.
- Fixed interest rates – Enjoy peace of mind with predictable payments.
Now is the time to take advantage of this opportunity and move into a home you love!
Who Qualifies for the Program?
This program is tailored for first-time homebuyers purchasing their primary residence in Pima County. Here are the specific requirements:
- First-time homebuyer – You must be purchasing your first home.
- Primary residence only – No investment or second homes.
- Pima County property – Eligible homes must be located in Pima County, AZ.
- Eligible property types – Includes single-family homes, townhomes, and detached or attached 1-unit residences.
- Income requirements – Total yearly household income must be $100,000 or less (or 110% below area median income).
- Employment stability – Applicants need to show two years of consistent income from employment or other reliable sources.
What Makes This Program Special?
We know every member’s situation is unique, and that’s why this initiative gives you the flexibility to work with participating credit unions that best suit your needs.
✅ No application fees – Start your journey worry-free.
✅ Free rate locks – Secure the best available rate.
✅ First-time homebuyer perks – Special benefits designed for new buyers.
✅ Educational workshops – Learn about budgeting, home maintenance, and more.
Tucson Welcome Home provides affordable pathways and educational tools to help you thrive as a homeowner.
Contact us at (520) 881-6262, ext. 702 to learn more.
Centennial Home Loans
Centennial serves as the processor and servicer for TOPCU mortgage loans. And, while the online application is processed through Centennial, TOPCU is still here to help you along the way.
Home Loan Rates
| Type/Term | APR as low as | Payment per $1,000 Borrowed** |
|---|---|---|
| First Mortgages | Centennial Lending | |
APR = Annual Percentage Rate. *Subject to credit approval. **Based on up to 60% Loan To Value (LTV) and first lien position. Minimum payment is lessor of $50 or balance owed. Applicant responsible for all fees. Fixed-Rate Home Equity Loan monthly payment estimate based on 10-year term. Variable-Rate Home Equity Line of Credit monthly payment based on 10-year term. Rates are current as of July 19th, 2022. Average total costs- $465-990, Application Fee- $60 Flood Determination- $15 Tax Tracking- $85 Title Policy and Recording- Average $130 Exterior Evaluation- Average $175 Full Appraisal- Average $600-700. Rate increases are capped at 2% per year, with a maximum increase of 5% above the initial rate over the term of the loan. For example, if the initial rate is 4.25%, the maximum rate would cap at 9.25%. Rates are subject to change without notice.
We know that buying a home is one of the biggest financial decisions of your life!
We are here to help with friendly, knowledgeable service and a variety of products designed to help you achieve the dream of home ownership. We’ve assembled a team of lending specialists who can walk you through each step of the home loan process with confidence and ease.
Features & Benefits
- No application fee
- Free pre-approval on your loan
- Competitive, fixed interest rates
- Participating credit unions set their own rates
- First Time Home Buyers
- Mortgage insurance not required
- Free rate locks
- Property must be located in Pima County, AZ
Tucson Welcome Home
Fixed-Rate Second Mortgages
A second mortgage, also known as a home equity loan, is secured by the home or property. There can be various reasons to take out a second mortgage, such as paying off debts, financing home improvements, or college expenses. TOPCU’s second mortgages have a fixed rate and repayment schedule.
SAFE ACT Disclosure
In accordance with the Secure And Fair Enforcement for Mortgage Licensing Act (S.A.F.E. ACT) please find the list of registered Mortgage Loan Originators with their unique identifiers:
- Tucson Old Pueblo Credit Union NMLS # 441750
