Owning a home is a goal for many families, but saving for a down payment can feel daunting. A recent Realtor.com survey found it takes an average of seven years—meaning if you started today, you wouldn’t reach the typical down payment until 2033.
Amplify Credit Union’s new mortgage program is helping first-time buyers enter homeownership sooner, smarter and with less financial stress.
How the program works
Amplify’s 100% financing program levels the playing field for homebuyers, making it easier to enter homeownership without years of saving for a down payment. Key features include:
- No down payment
- No private mortgage insurance
- No income restrictions
- No unexpected financing increases
“Our goal is simple: remove barriers preventing home ownership,” mortgage loan originator Corey Griffin said. “With this program, qualified buyers can focus on building their future instead of stressing over costs.”
The first-time buyer hurdle
For many first-time buyers, it’s not income or credit holding them back; it’s the down payment.
While wages have remained steady, rising home prices and rent make it hard to save for a traditional 5–20% down payment. After years of saving, buyers often find that closing costs, inspection fees and mortgage insurance can push the total upfront cost even higher, making homeownership feel out of reach.
Many hesitate to tap into retirement or investment accounts, concerned about long-term financial impacts, leaving qualified buyers stuck.
By focusing on the biggest barrier, Amplify’s program aims to remove the roadblock that keeps families waiting, so the dream of owning a home can become a reality.
How Amplify makes homeownership possible
Amplify’s mortgage program goes beyond traditional loans to remove the biggest hurdles first-time buyers face. By covering the down payment and eliminating private mortgage insurance, it reduces upfront costs and keeps monthly payments manageable. This allows buyers to step into a home without draining their savings or worrying about owning a home but having little left for furniture, repairs or everyday expenses.
Griffin helped the first family in the program move into a $350,000 home with $3,500 upfront.
“They had checked every box you’re supposed to check when buying your first home,” Griffin said. “They just needed a little help making the down payment work, and that’s where we came in."
If their story inspires you, you might wonder if you could take the same step into homeownership.
You should consider applying if you have:
- A good, very good or excellent credit score
- Consistent, steady income
- First-time homebuyer status
Griffin urges prospective buyers not to wait, noting that timing can make all the difference in securing a home.
“Home prices are returning to reasonable levels, and we don’t know how long this program will be available,” he said. “Acting now lets you take advantage of these opportunities before costs rise or spots fill up.”
Interested buyers should visit this page to explore eligibility, review program details and connect with a qualified mortgage loan originator who can tailor a plan for their situation.
The above story was produced by Multi Platform Journalist Chloe Chapel with Community Impact's Storytelling team with information solely provided by the local business as part of their "sponsored content" purchase through our advertising team.
Equal Housing Opportunity. NMLS #530487. Amplify Credit Union Is Insured by NCUA.
