FHA Loans

Buying a home? Opportunity is knocking with an FHA loan from MECU!

Now is a great time to buy a home. Prices are down. Rates are outstanding. And opportunities abound.

MECU offers FHA loans that make it easier for first-time buyers to qualify. Insured by the Federal Housing Administration, FHA loans feature low down payments and competitive rates, making them an attractive alternative to a conventional mortgage.

Benefits for homebuyers include:

  • Down payment as low as 3.5%
  • Low fixed rates that are competitive with MECU’s 30-year fixed conventional loan
  • More flexible underwriting guidelines than a conventional mortgage
  • Entire down payment can be gift or grant
  • Relocation departments in some firms pay your down payment (check with your firm for details)

Plus, no appraisal is required if you are refinancing an existing FHA loan into a new FHA loan at MECU. Standard refinances (current non-FHA loan to new MECU FHA loan) require an appraisal and allow up to a 97.75% LTV.

Ready to apply? Simply click here. Or call toll-free 877.270.6392, then select options 3, 1 and 1.

Your dream home awaits. So if you’re a first-time buyer, let MECU help you take full advantage of all the exceptional benefits of an FHA loan.

NMLS ID: 411839



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