FHA Mortgage Loans
A mortgage loan program that can help low-credit or low-income borrowers.
The Federal Housing Administration (FHA) (part of HUD) insures the loan, helping CMCU offer borrowers who may not be able to qualify for other programs. Our local mortgage lenders can work with you to see if you qualify.
FHA HUD Website
Low Down Payment
A borrower's down payment can be as low as 3.5% for a home purchase or refinance transactions. This is especially beneficial for first-time buyers.
Easy Credit Qualifying
Borrowers can get loan approval with lower credit scores or with higher LTV ratios.
All FHA loans require the borrower to pay additional mortgage insurance to cover the cost of the loan in case of default.
Mortgage Loan Calculator
Estimate monthly payments and total interest paid on any fixed-rate mortgage loan.
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Check out some of the mortgage loan options available with CMCU:
Please note, while you are undergoing the mortgage loan process, it is best that you check with your mortgage lender before opening any other loans at the same time.
IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.
What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you.
We may also ask to see your driver’s license or other identifying documents.