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