Is an FHA Loan right for you?
FHA Loans are ideal for first-time homebuyers looking for a home loan with low down payment options and more flexible credit and income requirements. Let MECU Credit Union mortgage experts in and around Maryland guide you to the best mortgage option for your budget and lifestyle.
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 deductible1
- We'll help you find homebuying grants and incentives that provide down payment assistance