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Federal Housing Administration (FHA) Loan

Mortgages & Home Loans

With this government-backed loan insured by the FHA, you can pay as little as 3.5% down and enjoy exceptionally low interest rates.

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Product Details

  • Minimum of 3.5% down1
  • Government backed
  • Insured by the FHA
  • Requirements to qualify:
    • 3.5% down payment requires a FICO® score of at least 580.
    • Borrowers pay for private mortgage insurance.
    • The home must be the borrower's primary residence.
    • The borrower must have steady income and proof of employment.

 

1 Purchase mortgage is a fixed rate with a 30-year repayment and 3.5% down. Annual percentage rate (APR) as of 1/2/2026 is 5.625%. Example: A $241,250 loan with 3.5% down financed at 6.444% interest rate equals a monthly payment of $1,388.77 for 360 months. Taxes and insurance are not included; actual payments may be greater. Other restrictions may apply, for full details speak with a Credit Union of America Loan Officer.