Ideal for first-time home buyers, buyers looking for a lower down payment option, and buyers with fair-to-good credit.

FHA loans are ideal for first-time homebuyers looking for a mortgage with low down payment options and more flexible credit and income requirements. MECU mortgage experts can guide you to the best mortgage option for your budget and lifestyle.

Put as little as 3.5% down
More lenient credit and income requirements than other mortgages
Our mortgage experts are ready to help

Advantages of FHA Loans

  • More lenient income and credit requirements
  • Buy a home with a down payment as low as 3.5%
  • Up to 100% of your down payment can be a gift from a family member or friend
  • Required mortgage insurance is often tax deductible*
  • We'll help you find homebuying grants and incentives that provide down payment assistance