FHA Home Loans
An FHA Home Loan is our most flexible mortgage product. It's a great first home option as the Federal Housing Administration makes homeownership possible for a broader range of buyers. Aside from no income limits or location restrictions, our FHA loan also features:
- 96.5% maximum loan to value financing
- Upfront mortgage insurance required as well as a monthly amount for term of loan
- Expanded qualifying ratios and flexible credit guidelines
- Maximum loan amounts apply
- Can be used for purchases and refinance
- Minimum credit score of 620
Choosing the right home loan can be a bit overwhelming and confusing. That's why we have mortgage experts available for free one-on-one consultations. Essential is here from the beginning to end in the homebuying process. Call us at 888.369.2207 and let us get you moving!
Please note: A Credit Report fee will be assessed to all applications. This fee will be deducted from the total costs of your loan, if approved.
*Normal credit restrictions apply. Other restrictions may apply, please see a Essential FCU Representative for details.