FHA loan—Federal Housing Administration mortgage loan

An FHA loan is a mortgage insured by the Federal Housing Administration (FHA).

• Competitive rates
• Ideal for first-time homebuyers seeking a low down payment
• Offers refinancing options for members with first mortgages from outside lenders
• More flexibility in qualifying
• Maximum loan amounts are determined by location

Features:

• Fixed rate, 15- and 30-year repayment terms on purchases and refinances
• 1/1 and 3/1 FHA Adjustable Rate Mortgages

For more information, or to apply, please call a Mortgage Specialist at 1-888-842-NFCU (6328).

Federal Housing Administration (FHA) loans require a minimum of 3.5% down payment.