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FHA Mortgage Loan
Get a great new home without having to save a small fortune.
Down payments as low as 3.5%
Fixed-rate and adjustable-rate loans available
Family, friends can help with upfront costs
A history of success
The FHA loan is no new kid on the block. Since 1934, these affordable mortgages have helped more than 40 million Americans achieve their home ownership dreams.
A smaller down payment can make a big difference
Qualifying for a traditional mortgage often requires buyers to make a 10% or 20% down payment on their next home. For many families, that's too high a hill to climb. Through Securityplus Federal Credit Union, you can obtain a Federal Housing Administration loan with dramatically reduced upfront costs and other financial advantages to level the playing field.
- Popular loan for first-time homebuyers
- Low 3.5% down payment requirement
- Fixed- and adjustable-rate options available
- Financed property must be borrower's primary residence
- Seller, family and friends can contribute up to 6% of home's value
- Non-occupying co-borrowers allowed on purchase and refinance loans to strengthen the application
- Upfront Mortgage Insurance Premium (MIP) may be financed in the loan
- No pre-payment penalties
- Refinance options available
- Work directly with friendly Securityplus lenders and not government agencies
Quick Tips
Getting a home loan that fits your budget and lifestyle.
Save for a down payment
Understand your credit score
Know how much you can afford
Compare rates, terms and lenders
Get pre-approved
