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Buying Your First Home

Buying your first home is a huge milestone and we know there’s a lot to consider.
In this exciting journey, we’re eager to help you every step of the way.


Where to start when buying your first home

To ensure your home buying experience is seamless, start your journey with KCU and follow these simple steps.

1. Determine your needs

Knowing what you’re looking for in a home helps you to narrow your search. Make a list of ‘must haves’ and a second list of ‘nice to haves’. For example, what neighborhood do you want to live in? Are you looking for a single-family home, townhouse, or condo? How many bedrooms and bathroms must you have?

2. Determine your budget

When you’re deciding how much to borrow, it’s important to understand and consider several costs associated with home ownership. These include your down payment, lawyers’ fees, property purchase tax, home insurance, and continuous costs for maintenance and repairs.

3. Get a mortgage pre-approval

A pre-approved mortgage arms you with the tools and confidence to search for a home in your price range and make an offer when you find it. It also expedites the process when you’re ready to purchase. We’ll help you get pre-approved and guarantee your mortgage interest rate for up to 90 days.

4. Shop with a realtor

Work with a professional real estate agent for valuable insight into the housing market, including property values, specific information on neighborhoods, and zoning regulations. A realtor also ensures you have all the information you’ll need to make your decision on a home, then helps you write and negotiate your offer to purchase.

5. Make an offer and finalize your mortgage

You have found the home you wish to purchase and made an offer. Once your offer is accepted, your real estate agent prepares the documents to share with KCU and your lawyer in order to finalize your purchase and set up your mortgage.

6. Insure your new purchase

Purchasing a home is one of the most significant investments you will make. It’s critical to safeguard your asset through homeowner insurance coverage, and is required by all mortgage providers.

We’re here to help

Work with us to turn your dream into a reality

Our Senior Advisors provide you with personalized mortgage advice and information. Whatever your mortgage needs, we’ll help you:

  • Find out how much you can afford
  • Choose a mortgage to suit your needs
  • Get pre-approved
Member Stories

Immigrating to Surrey was a challenge, but we feel great now that we are settled

Ameek Singh and his family immigrated to Surrey in 2018. There were some challenges to overcome but with some careful planning the family was able to get settled and start their new life in Canada. Learn how Ameek and his family:

  • Set up their banking even before moving
  • Found their first apartment
  • Connected with the local community


Mortgage calculator

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


Banking with Khalsa

Extended Hours

Select branches are open on Saturdays and Sundays, and until 8 pm on weekdays.

Free Chequing Account

Start with a free account that includes all the current digital banking tools.

Secure Mobile App

Download our app to manage your day-to-day banking from your smartphone. 

Access 4000+ ATMs

Free deposits and withdrawals at over 4,000 Ding-Free ATMs across Canada

Contact Khalsa Credit Union


Email Us

We’ll reply within same business day (if possible), or the next business day.

Book an Appointment

Request appointment time

We’ll reply within same business day (if possible), or the next business day.

Visit a Branch 

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