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Affordable options for qualified borrowers.

FHA Mortgage Loans

Down payments
as low as 3.50%

Most buyers can find the right fit here

Reduced Closing Costs
Receive a $500 closing cost credit when you finance the purchase of a home with Credit Union ONE.
Lock in your Rate
Lock in your rate for the first four months while you shop for your perfect home!
Flexible Credit Requirement
FHA offers flexible credit requirements for borrowers with past credit challenges.
Low Down Payment
A down payment on an FHA loan can be as low as 3.5% with qualifying credit score.
Learn More
FHA Terms
Fixed rates for 15 and 30 year terms only
Housing Restrictions
This loan is for primary residency only. Homes must be listed as accepting FHA offers to qualify. Stricter appraisal standards may result. 
Private Mortgage Insurance (PMI)
PMI is required for the life of the loan.
Personalized Service
Receive personalized service from a dedicated Mortgage Consultant
Get your FHA Loan today.
Apply Now
Related resources


Find all the helpful tools you need in our Mortgage Center.


Credit Union ONE is owner-partner of Member First Mortgage.

What is a FHA Loan?

To protect lenders from faulty loans, the Federal Housing Administration (FHA) offers loans that are backed or insured. This backing enables prospective home buyers, who otherwise may not qualify, to get financing to buy a home.

What makes FHA Loans unique? 

FHA loans are unique in that they offer opportunities to potential home buyers who have had previous financial difficulties, such as past due collections, bankruptcy, and foreclosures. This loan has the lowest credit score requirement and the highest debt-to-income ratio eligibility. Wondering if you qualify? Find out if this loan is a good fit for you by contacting our Mortgage Lending team today!

What is a debt-to-income ratio?

A debt-to-income ratio is calculated by dividing all your monthly debt payments by your gross monthly income. Lenders use this number to determine your ability to repay the money you plan to borrow on time. For a FHA Loan, borrows can have a higher debt-to-income ratio compared to a standard mortgage debt-to-income requirements. 

What is Private Mortgage Insurance (PMI)?

Private mortgage insurance (PMI) is a form of mortgage insurance that may be required with certain types of loans. If you default on your loan, PMI protects your lender. In the case of a FHA Loan, a certain down payment is required to waive PMI. However, FHA insurance is often cheaper than traditional PMI.