Couple unpacking in their new home

We want to help you reach a life milestone by getting you into your first home.


We’re rewarding systematic savings with a significant discount on closing costs for first time homebuyers. We’ll help coach and guide you along the way. Your commitment to saving is matched with our commitment to helping you reach your milestone. Meet your yearly savings goals and earn up to $400 in closing costs. Customers who auto-transfer savings can qualify for an additional $150 toward their closing costs!

How does the First Home Savings Rewards Account work?

  • Meet with a banker to establish a monthly savings goal of $42 or more for the down payment on your first home.

  • Set up automatic monthly transfers from a Bank Mutual checking account to a Bank Mutual First Home Savings Reward Account.

  • For every 12 months from the auto-transfer start date we’ll knock $100 off your Bank Mutual mortgage closing costs for up to 48 months or 4 years, for a total of $400.

Request more information from a local banker near you. Also, in partnership with The Side Hustle Blog we created a FREE downloadable e-book on tips for saving for a home mortgage. Fill out this form to receive yours and get closer to your homeownership milestone.

Other rules and restrictions may apply. At least one owner on the Bank Mutual checking account must be a borrower on the Bank Mutual Mortgage and a first-time homebuyer. Standard mortgage underwriting guidelines must be met in order for Bank Mutual mortgage closing cost discounts to be applied. Minimum deposit into First Home Savings Reward account is $25 and a down payment of $2,000 is required to qualify for the program discounts.