Routing Number 325181248
Your first home starts here
Buying your first home is a big step—and Gesa Credit Union is here to guide you every inch of the way with the right first-time home loan for your present and future.
Smart loan options
Buying your first home doesn’t have to mean draining your savings or settling for a loan that doesn’t fit. Gesa offers several flexible, affordable mortgage options with first-time home buyers programs in Washington, Oregon, and Idaho. Whether you need a zero down home loan or prefer the stability of a long-term rate, we’ve got you covered.
Zero Down Home Loans
Skip the down payment and step into homeownership sooner. If you’ve got steady income but haven’t saved a large nest egg, this is a powerful path forward.
- Competitive rates & no income caps
- No down payment
3% Down Home Loan
Put just 3% down and unlock more purchasing power with Gesa’s low down payment, first-time home loan.
- Competitive rates
- Debt to income ratio up to 50%
- Only 3% down required
HomeReady® Loans
HomeReady® is a Fannie Mae program designed to help low- to moderate-income borrowers, especially first-time homebuyers.
- 3% down payment
- Flexible income options
- Required homebuyer education
FHA Loans
FHA loans are government-insured loans and offer an excellent start to first-time home buyers.
- Low down payment options
- Low closing cost options
Disclosures:
*APR = Annual Percentage Rate
Zero Down Home Loans: Must be credit qualified and meet Gesa’s field of membership requirements to be eligible for the zero down payment loan. Rate is based on credit score. The rate and APR is fixed for the first fifteen years and adjusts once thereafter. The rate adjustment will not exceed 6.00%. The maximum rate and APR increase over the life of the loan period is 6.00% from the start rate. Monthly payments may increase corresponding to the change to the rate. Loan rates and terms subject to change without notice. Not all applicants will qualify. Other restrictions may apply.
3% Down Home Loans: All loans subject to approval.
HomeReady®: HomeReady® is a registered trademark of Fannie Mae. Income limits, credit, and property restrictions apply. All loans subject to approval.
FHA Loans: FHA loans are government-insured loans through the U.S. Department of Housing and Urban Development. All loans subject to approval.
First-time homebuyer is defined as:
- Individuals who have had no ownership in a principal residence during the 3-year period ending on the date of purchase of the property. This may also include a spouse, so if either meets the above test, they are considered first-time homebuyers.
- Single parents who have only owned a property with a former spouse while married.
Individuals who are displaced homemakers and have only owned with a spouse. - Individuals who have only owned a principal residence not permanently affixed to a permanent foundation in accordance with applicable regulations.
- Individuals who have only owned property that was not in compliance with state, local or model building codes and which cannot be brought into compliance for less than the cost of constructing a permanent structure.
Camelia
“I have banked with Gesa for almost three decades and they have financed both of my homes and vehicles. This last loan was amazingly easy and smooth. Our loan officer was fantastic, she was detailed, prompt and very thorough. Lori and her team were extremely responsive which took a lot of stress and concern off of me during the process. I would definitely recommend GESA to others who are looking to purchase a home.”
Are you an Oregon, Idaho or Washington first-time home buyer?
First-time homebuyer pre-approval is a smart first step—and it’s faster than you might think. Whether you’re house-hunting in Washington, Oregon, or Idaho, our first-time buyer programs and trusted home loan experts make the process smooth from day one.
Start with this simple home loan pre-approval checklist to make your first mortgage experience even easier. It covers all the key mortgage pre-approval steps, so you’ll know exactly what to expect.
First-time home-buyer mortgage pre-approval checklist
Here’s what to gather before applying for a first-time home loan with Gesa Credit Union:
- Proof of income: Your most recent paystub
- Two-year employment history: Dates, employers, and positions held
- Asset documentation: Bank statements from the last two months, plus any retirement or investment accounts
- Credit check authorization: A signed form to allow a soft credit pull
- Personal ID: A valid government-issued photo ID (like a driver’s license)
Your first-time home loan, step by step
Buying a home is a journey—one Gesa has guided thousands of members through. Whether you’re a first-time buyer in Washington, Oregon, or Idaho, or just need a refresher, here’s a clear breakdown of the home loan steps from start to finish.
Pre-approval process
Before you tour a single home, know your budget. Gather key documents like paystubs, tax returns, and ID, then meet with a Gesa Credit Union mortgage lender for a personalized mortgage pre-approval. It strengthens your offer and helps you shop with confidence. For first-time home buyers, the pre-approval process is an excellent opportunity for level-setting and fact-finding, so do not hesitate to ask questions of our experienced mortgage officers—they’re experts for a reason.
Finding the right home
Work with a trusted real estate agent and make a list of your must-haves. Whether you’re dreaming of a yard in Spokane or walkability in Seattle, these home search tips help you focus and act fast in a competitive market. Having a clear idea of your must-haves and deal-breakers can be especially important for first-time home-buyers, and can prevent you from becoming overwhelmed—or missing a diamond in the rough.
Making an offer
With your agent’s help, submit a strong offer backed by your pre-approval. Depending on local demand, you might face home-buying negotiations or even a bidding war—Gesa can offer bidding war tips and help you stay grounded in your budget.
Finalizing the loan
Lock your interest rate (if you haven’t already), submit any final paperwork, and review your loan disclosures carefully. Our mortgage team is here to explain the fine print and keep you on track for closing, whether this is a first-time home loan for a starter house or a mortgage for your retirement dream home.
Closing process
This is when it gets real. After a final walkthrough, you’ll sign loan documents and make it official. We’ll walk you through every step to ensure your questions are answered before you pick up the keys.
Move in
Time to settle in. Use a moving checklist to stay organized, set up your utilities, and update your address. From day one, we’re here with first-time homeowner tips and ongoing support to help you thrive in your new space.
Avoid common first-time home buyer pitfalls
Even well-prepared first-time home buyers can stumble during the mortgage process. These common mortgage mistakes can delay—or, in some cases, derail—your first-time home loan. The good news? They’re easy to avoid with the proper support.
How Gesa supports you for a great first-time home-buying experience
We believe great guidance makes a great experience. Our trusted home loan officers stay connected from application to closing—helping you stay on track, answer questions fast, and avoid surprises. We make communication a priority because it keeps your mortgage journey running smoothly.
Need help navigating the details? Would you like to learn more about first-time home-buyer programs in Washington, Oregon, and Idaho? Do you need regular updates and expert advice along your home-buying journey? With loan officer support and step-by-step guidance, you’ll never feel like you’re figuring it out alone.
FAQs
A first-time home buyer loan is a mortgage designed for individuals purchasing their first home. Gesa Credit Union offers programs with low or no down payments, local support, and flexible terms for residents in WA, OR, and ID.
Gesa offers several options, including Zero Down Home Loans, 3% Down Loans, HomeReady Loans, and FHA Loans tailored to first-time buyers in WA, OR, and ID.
The first step is getting pre-approved. This involves gathering financial documents and meeting with a Gesa mortgage officer to understand your borrowing power.
You’ll need proof of income, a two-year employment history, bank statements, a signed credit check authorization, and a valid photo ID.
Gesa typically provides pre-approval within 1–2 business days. The full mortgage process, including underwriting and closing, usually wraps up within 30 days.
Closing costs range from 2% to 5% of the home’s price. These include lender fees, appraisals, title insurance, and prepaid taxes or insurance.
Avoid taking on new credit, switching jobs mid-process, depositing large undocumented funds, or skipping pre-approval. These actions can delay or jeopardize loan approval.
Yes, Gesa’s loan officers are based in WA, OR, and ID, and guide first-time buyers from application through move-in with clear, prompt communication.
Routing Number: 325181248
51 Gage Blvd. Richland, WA 99352
Federally insured by NCUA
Equal Housing Opportunity
Co-op Shared
Branch
© Gesa Credit Union. All Rights Reserved.
Copied to clipboard
Facing an unexpected financial emergency?
We offer a range of relief options to ease short-term stress and support you.
Resources
Quick Links
People helping people.
Gesa credit union is committed to making a positive impact in the communities we serve.
In the Community
About Gesa
All debit cards give back to your community
when you swipe.
when you swipe.
We're in the business of growing yours.
We have the accounts, products, and services to help you and your small business succeed.
Banking made for you.
With best-in-class rates and a variety of everyday banking products, Gesa has the right account, card, or loan for you.
Up to 5.00% APY
On select checking accounts!
Learn More
We have upgraded to a new account opening process. Click Get Started to continue.
Getting started is easy!
Applying should only take a few minutes. Please have these documents ready:
- Social Security Number (SSN)
- Color copy of driver's license, state ID, or US Passport
- Contact info
-
Opening deposit by debit card or e-transfer*
*Credit cards are not accepted.
Call (888) 946-4372 or apply at a branch
Already a member?
Use your online banking log-in to pre-fill your application with saved information.
You can easily change your debit card through our affinity form.
Notes & Fees Glossary
| Disclaimer | ||
|---|---|---|
| SmartPlus Checking | [APY] Minimum opening balance of $25 required if the account is opened online. In order to earn APY and receive unlimited domestic ATM fee refunds, you must meet the following requirements during each monthly qualifying period: provide and maintain valid email address, apply for and use your Visa debit card to make 15 debit card transactions that post and settle to your account, have at least one direct deposit of $200 or more post to your account, and enroll to receive eStatements. If the requirements are not met during the monthly qualifying period, the “non-qualifying” 0.01% APY will apply to the entire balance. Dividends on a SmartPlus Checking account will be compounded and credited to a member’s account each month. Dividends are calculated using the daily balance method. Qualifying account balances must meet minimum requirements. Rate may change after the account is opened. The qualifying period begins with the first day of the calendar month and ends on the last day of the calendar month at 6:00 P.M. Pacific Time. ATM fees of $4.99 or less will be reimbursed up to a maximum of $4.99 per individual transaction. No monthly fees and no minimum balance required to open or maintain account unless opened online. Fees could reduce earnings on the account. Limit of one SmartPlus Checking account per member. APY is accurate as of , the last dividend declaration date. | A7KD4W9LQXZT |
| Smart Checking | *There is a minimum opening balance requirement of $25.00 if the account is opened online. Regular users of Gesa’s electronic services may want to consider SmartPlus Checking for additional benefits. [Courtesy Pay] | M3VY82CNRLKP |
| Student Checking | [APY] Dividends on Student Checking Accounts are calculated using the daily balance method and will be credited to the member’s account every month. Rate may change after the account is opened. If you close your account before dividends are paid, you will not receive the accrued dividends. The minimum balance to open an account is $5.00, the par value of a share. Courtesy Pay is not offered on Student Checking Accounts. Only electronic transactions such as debit card or ACH transactions are permitted. Fees could reduce earnings on the accounts. | JXZ7V5MWLQ92 |
| Smartplus Savings | [APY] In order to earn a high dividend rate, you must meet the following requirements during the qualifying monthly period: a) provide and maintain a valid email address; and b) be enrolled to receive e-statements. If the requirements are not met during the monthly qualifying period, the “non-qualifying” 0.01% APY would apply to the entire balance. Dividends on an SmartPlus Savings Account will be compounded and credited to a member’s account each month. Dividends are calculated using the daily balance method. Qualifying account balances must meet minimum requirements. Rate may change after the account is opened. The qualifying period begins with the first day of the calendar month and ends on the last day of the calendar month at 6:00 P.M. Pacific Time. No monthly fees and no minimum balance required to maintain account. Minimum opening deposit of $5. Fees could reduce earnings. Limited to one SmartPlus Savings account per member. | P9T6QF2XJBLC |
| Smart Savings | [APY] Dividends on Smart Savings are calculated using the daily balance method and are paid monthly. Rate may change after the account is opened. No monthly fees and no minimum balance required to maintain account. Minimum opening deposit of $5. Fees could reduce earnings on the account. | Y4MKZ3WVTPQ8 |
| High-Yield Savings | [APY] Dividends on the High Yield Savings account are calculated using the daily balance method and are paid monthly. No monthly fees and no minimum balance required to maintain account. Minimum opening deposit of $5. Fees could reduce earnings. | NDLXQ98R5VTE |
| Money Market | [APY] Dividends for the Money Market Account are calculated using the daily balance method which applies a daily periodic rate to the balance in the account each day. You must maintain a minimum daily balance of $2,500.00 in your account each day to obtain the disclosed annual percentage yield. The minimum balance required to open this account is $2,500.00. There is a minimum average daily balance of $2,500.00 required to avoid a service fee for the calendar month. If the minimum average daily balance requirement is not met, you will be charged a service fee as stated in the Consumer Fee Schedule. New rates are set on the first of each month; rate may change after the account is opened. Fees could reduce earnings on the account. | GQ37ZVKY1WLM |
| Fixed Certificate | [APY] A penalty may be imposed for early withdrawal. Fees may reduce earnings. The minimum balance to open the certificate is stated in the chart. Early withdrawal penalties apply (a penalty may be imposed for withdrawals before maturity): If your account has an original maturity (term) of less than 12-months: The penalty will equal 90 days interest on the amount withdrawn subject to penalty. If your account has an original maturity (term) of 12-months or more – up to, but less than 36-months: The penalty will equal 180 days interest on the amount withdrawn subject to penalty. If your account has an original maturity of 36-months or more – up to, but less than 48-months: The penalty will equal 365 days interest on the amount withdrawn subject to penalty. If your account has an original maturity of 48-months or greater: The penalty will equal 540 days interest on the amount withdrawn subject to penalty. In certain circumstances such as the death or incompetence of an owner of this account, the law permits, or in some cases requires, the waiver of the early withdrawal penalty. For any account which earns an interest rate that may vary during the term such as a bump certificate, the interest rate we will use to calculate this early withdrawal penalty will be the interest rate in effect at the time of the withdrawal. You may make withdrawals of principal from your account before maturity. In making such withdrawals, your balance may not fall below the minimum or we will close your account. Principal withdrawn before maturity is included in the amount subject to early withdrawal penalty. You can withdraw interest only on the crediting dates without penalty. A $500 minimum deposit is required for consumer, IRA, and business certificates. Early withdrawal penalties may apply and may reduce earnings. Certificate rate is for a limited time only and could end at any time. Stated rate as of the first day of the month. | H85PLKJXZ2QM |
| Bump Certificate | [APY] A penalty may be imposed for early withdrawal. Fees may reduce earnings. The minimum balance to open the certificate is stated in the chart. The Certificate owner must contact Gesa Credit Union to request the one-time rate increase on Bump Certificate accounts. The rate on the Bump Certificate will be changed on the following business day of the date Gesa Credit Union receives the request. The bump option can only be exercised once during the term of the Certificate and does not increase the term of the certificate. The new interest will not be applied retroactively. The new interest rate will be the interest rate we are then offering on regular certificates (non- bump rate certificates) that have the same term and minimum balance. Bump Certificates are only available for consumer and IRA Certificates. Early withdrawal penalties will apply. Minimum deposit balance must be maintained to earn APY and fees may reduce earnings on the account. Special offer for a limited time only. | RXNQ72MLYV9C |