First-Time Homebuyer

Open

CapEd Credit UnionIDFirst-Time Homeowner

Funding: First-time homebuyer mortgage with 3% down payment requirement; 100% financing option for eligible education-community borrowers via Educational Community 100% Loan (max loan $550,000).OtherScope: Statewidestate

Updated: Dec 1, 2025

Summary

CapEd Credit Union’s First-Time Homebuyer page aggregates multiple Idaho focused products including a zero down Educational Community 100 percent Loan, the CapEd Home Affordable Mortgage Program, and an Idaho first time homebuyer savings account that together help members get into a home with minimal upfront cash

Benefits

Low down payment mortgageFirst-time homebuyer loan

Who Can Apply

Individual

Eligible Locations

Idaho (CapEd Credit Union membership requirement) — first-time homebuyers or lower-income households.

Eligibility

Primarily first time homebuyers who are CapEd members or eligible to join, including educators and education community workers for the Educational Community 100 percent Loan and income qualified buyers for CHAMP and related programs

Full Description

CapEd Credit Union’s First Time Homebuyer page serves as a hub for several targeted offerings that support Idaho residents and especially members of the education community as they move into homeownership. The Educational Community 100 percent Loan is designed specifically for borrowers who work in education and are purchasing their first home, providing full financing on the purchase price so qualified buyers can move forward without making a traditional cash down payment. Alongside that, the CapEd Home Affordable Mortgage Program, often referred to as CHAMP, focuses on first time buyers and lower income households by requiring only about three percent down, allowing gift funds, and imposing reasonable property restrictions to keep risk and payments manageable. The page also highlights an Idaho first time homebuyer savings account that provides a tax advantaged way for members to set money aside for future down payment and closing costs, complementing the mortgage products by building savings over time. CapEd positions itself as a relationship based lender, inviting prospective buyers to learn about mortgages through its education resources and to contact the credit union for personalized guidance on which program best fits their situation. Together these options create a path for educators and other Idaho borrowers to combine savings, favorable loan terms, and potential assistance so they can qualify for and sustain their first home purchase with as little cash out of pocket as possible.

Verification & Details

Complexity: Moderate

Confidence: 90%

Status: Open

Source: capedcu.com

Based on CapEd CHAMP and Educational Community 100% Loan page — requires 3% down or allows 100% financing for eligible education-community borrowers.

Official source → capedcu.com

Apply on official siteUpdated Dec 1, 2025

Recommended Resource

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