Buying your first home is an exciting milestone, but saving for a down payment can feel like a challenge. First Credit Union can help you explore down payment assistance programs that may make homeownership more affordable. Our experienced mortgage team will guide you every step of the way, so you can move forward with confidence.
A little extra help can go a long way. The WISH Grant Program offers eligible first-time homebuyers a 4-to-1 match on their down payment contribution, with grants of up to $32,837. If you haven’t owned a home in the last three years, you may qualify. Since funding is limited and awarded on a first-come, first-served basis, our mortgage experts are here to help you explore your options and guide you through the process.
To be eligible for WISH Grant Program funding, you must:
Be a first-time homebuyer, meaning you have not owned a residential property within the past three years, and meet the eligibility guidelines established by the Federal Home Loan Bank (FHLBank).
Not sure if you qualify? Our Mortgage Loan Officers are happy to review your eligibility and help you navigate the application process.
The MDPA Grant Program helps eligible first-time homebuyers bridge the gap to homeownership by providing up to $50,000 toward a down payment, closing costs, and other eligible home purchase expenses. If you haven’t owned a home in the past three years, have a minimum down payment of $10,000, and meet the program’s eligibility requirements, you may qualify. Funding is limited and available on a first-come, first-served basis, so talk with a First Credit Union Mortgage Loan Officer to learn more.
To be eligible for MDPA Grant Program funding, you must meet the following requirements:
Program Availability
Funding for the first round of the 2026 MDPA Grant Program has been fully allocated. A second round of funding is expected to become available later this year. Contact a First Credit Union Mortgage Loan Officer to learn about upcoming funding opportunities and determine whether you qualify.
If you think you qualify, fill out the form below, and one of our mortgage loan officers will be in touch with you shortly!
1The applicant must be a first-time homebuyer (as defined by the FHLB Affordable Housing Plan), enrolled in WISH Homeownership Program (participation does not guarantee funding) and have successfully completed a homebuyer counseling program. Funds are limited and must meet eligibility guidelines as predetermined by the program: including at or below 80% of the HUD Area Median Income [AMI] (based on current household location) and adjusted for household size at time of enrollment in WISH Program. Valid only for primary residence in Arizona. Must contribute to the home purchase through savings, gift funds or sweat equity to obtain the matching grant. Contribution may also include Individual Development Accounts (IDA) and Family Self Sufficiency (FSS) program savings. Applicants must open escrow on a home purchase transaction within one year of enrollment in the WISH Program.
For 2026 $13 Million in WISH Grant Funds are available on a First Come, First Served Basis. Enrollment in the WISH Program does not guarantee the homebuyer receipt of program funds. Available grant funds may be depleted/allocated at any time and until the SF FHLB specifically acknowledges that funds have been assigned to the recipient, there is no assurance that funds will be available. First Credit Union cannot guarantee the availability of WISH Program Grant Funds. Other terms and conditions apply.
2The applicant must be a first-time homebuyer (no ownership in a primary residence during the 3-year period ending on the date of purchase of the property), who has successfully completed an approved Homebuyer Counseling Program; funds are limited and must meet eligibility guidelines predetermined by program including homebuyer household to have earnings between 80.01% and 140% of HUD-defined AMI (based on purchase property address) and adjusted for household size at time of enrollment in MDPA Program. Valid only for primary residence in Arizona; Must make a minimum contribution of $10,000 from savings or gifted funds; Escrow must be opened on home purchase with closing scheduled within 30 days prior to First Credit Union requesting program funds.
For 2026, the first round of $8 Million in MDPA Grant Funds has been allocated. A second round with a $3 million allocation will launch later this year. Once the program opens, member banks and credit unions may reserve funds and submit disbursement requests for households earning just over 80% up to 140% of AMI on a first-come, first-served basis until the program allocation is exhausted. First Credit Union cannot guarantee the availability of MDPA Program Grant Funds. Other terms and conditions apply.
