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FHA 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