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Buying your first home


Getting it right the first time

Home buying made easy

Step 1: start the home ownership journey Buying your first home is likely the biggest financial decision you’ll ever make. Start with a list of your priorities. Consider location, yard size, square footage, and everything else that’s important to you. Figuring out the items you aren’t willing to budge on will help you gain a clear understanding of how to start your search.
Step 2: determine your
Review your finances in detail to get a good sense of what you can afford to spend. Consider extra expenses like property taxes and maintenance costs.
Step 3: get pre-approved Pre-qualifying for your mortgage will arm you with the knowledge and confidence you need to shop for a new home within your budget. This way, you’ll avoid falling in love with a home you can’t afford.
Step 4: find a realtor Realtors are in the business of helping clients buy and sell homes. They’re also a great resource to guide you through the process. Finding a good realtor is as easy as reaching out to friends and family to find out who they’ve had a great experience with.
Step 5: make an offer Once you find the right home, your realtor will guide you through the offer process. Together, you will decide on an initial offer, determine a counter-offer (if necessary), plus add any offer conditions you’d like to include, such as subject to inspection or financing. Once your offer is accepted, you sign on the dotted line.
Step 6: finalize the financing You’re almost there! Set up a final appointment with one of our financial advisors to complete and sign your mortgage documents.
Step 7: set up utilities While you’re waiting to move in, contact all the utility companies to prepare for a smooth transition. From your home’s hydro, gas, cable, and internet, most providers are a quick phone call or email away from getting you connected at your new home.
Step 8: insure your home Now it’s time to protect your new home with home and content insurance. From fire to water damage, you’ll have peace of mind knowing you’re covered in case of an emergency, plus it’s required for most mortgages.
Step 9: get packing, it’s time
​to move!
You’re about to move into your dream home! Pack up boxes, bubble-wrap your breakables, and get quotes for movers. If this is your first major move, you’ll probably be packing light. An affordable move can be done by renting your own truck and getting friends and family to help on moving day.
Step 10: settle into your new home The boxes are moved, the heavy lifting’s been done, and it’s time to unpack and settle in to your new surroundings. Take a break to meet your neighbours and explore the neighbourhood. It takes time to settle in, so tackle it one room at a time.
Member spotlight
“We were excited to buy a home, and nervous about the process.”

When my husband and I finally saved enough money for a down payment on our home, we were elated. We started looking on MLS and driving through neighbourhoods to find the perfect home. Our realtor took us through six different homes before we found the one — but when our search was over, the uncertainty began. That’s when Diane at Aldergrove Credit Union stepped in. Diane helped ensure our dream of homeownership came true and guided us through the mortgage process every step of the way.

Talk to an advisor


Knowledge Centre: home buying and mortgages

Mortgage advice
Moving to the Fraser Valley

Enjoy affordable living, experience the natural beauty of the Valley, and find local events and activities for you and your family.

Mortgage advice
Buying vs. renting

Consider factors such as your savings, income, desired location, down payment, and the unexpected costs of buying and owning a home.

Mortgage advice
Home renovations and repairs

If you’re considering an older home, start with a home inspection. You might need to budget for the costs of hiring a general contractor or even a structural engineer.

Homebuying tips

Get pre-approved for a mortgage

Being pre-approved helps you understand how much you can afford. In addition:

  • Your rate is guaranteed for 90 days
  • You can focus on looking at the right homes
  • It gives you extra bargaining and negotiating power
  • You can be confident in knowing your budget
  • It results in a faster closing process
Homebuying tips

The hidden costs of moving

Unexpected expenses can add up when you move. Bigger costs may include:

  • Professional movers
  • Packing supplies and labour
  • Extra moving fees for heavy or bulky items
  • Storage fees if your possession and selling dates don’t align
  • Paint, professional cleaning, or quick fixes for your new home

Talk to one of our financial advisors to learn more.

5-year fixed closed


1-year variable open


5-year variable closed


Other fees and terms

*Rates are subject to change without notice.

Mortgage calculator

Use the mortgage calculator to determine how much you can borrow and to estimate your
monthly mortgage payments.

Apply for a mortgage

Start your mortgage application in 3 easy ways

Apply online, visit a branch, or book an appointment with a financial advisor to discuss your borrowing options.


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Aldergrove Financial is a trade name of Gulf and Fraser Fishermen's Credit Union