First-Time Home Buyers

XCEL can help make your American dream come true

We're ready to assist you to make that move happen.

XCEL can help by providing you thousands of dollars worth of grants to cover your down payment and closing costs.

  • Program geared to first-time home buyers with low and moderate incomes and offered in partnership with Federal Home Loan Bank of New York
  • Get grants of up to $14,500 for down payments and closing costs
  • Receive an additional $500 to defray the costs of required homeowner counseling
  • A bigger down payment can help reduce your monthly mortgage payments
  • Homes purchased must be in New York, New Jersey, Puerto Rico or the U.S. Virgin Islands
  • Borrowers must have an XCEL savings account and be a member in good standing


XCEL FCU is a credit union serving members in New Jersey, New York and across the country.