FHA Home Loan
Mainstreet Credit Union is a Federal Housing Administration-approved lender. If you’re looking for a loan with a bit more flexibility in lending requirements, you’re in the right place! FHA loans are popular for their relatively small down payment and fewer qualifying stipulations. If you have a less than perfect credit score or you’re a first time buyer without a credit history, FHA loans can be a smart option.
To apply for an FHA Loan you must meet these requirements:
• Credit Score of 580 or higher
• Steady history of employment or work for the same employer for two years
• At least two years without bankruptcy
• Property must be owner-occupied
We’re excited to help you guide you throughout the home buying process. With a Mainstreet FHA home loan, we strive to provide these benefits:
• Down payments as low as 3.5%
• No prepayment penalty
• Competitive interest rates
• Fees $500 less than competitors on average because we process and close our own loans
Click here to see our home loan rates
Click here for financial calculators
We make the home buying process as simple and convenient as possible. You can track and check your mortgage Online so you’re always up to date with your account. Apply Online today!
How to apply
Applying for your FHA home loan is easy! We know you have places to be, so we make applying for a Mainstreet loan as convenient as possible. You can apply Online anytime from your phone or computer or you can always stop in and talk with us at any Mainstreet location.
Apply 24/7 Online at mainstreetcu.org or dial 1.888.395.1010 during normal business hours. To make your loan application even easier, have employment information, income and social security numbers of all applicants handy.