Federal Housing Administration Mortgage
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 600 or higher
- Steady history of employment or work for the same employer for 2 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
Want to learn more about home financing options offered at Mainstreet Credit Union? Contact us, our mortgage lenders, or visit us in person at one of our branches located in North Kansas City, Missouri or the following Kansas cities: Bonner Springs, Kansas City, Lawrence, Leavenworth, Lenexa, Mission, Olathe, Shawnee Mission.