Federal Housing Administration (FHA) Mortgage
FHA loans offer low down payments, flexible credit requirements, and competitive rates making it easier to achieve your home goals.
Benefits of an FHA Loan
- As little as a 3.5% down
- Down payment and closing costs can be gifted
- Insured by the FHA
Learn more about opening a mortgage with Goldenwest Credit Union.
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FHA Mortgage Rates*as low as
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Frequently Asked Questions
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What does the FHA insurance cover?
In the event of foreclosure, the lender is protected by FHA’s mortgage insurance, and as a result the lender is able to offer more flexible terms that make it easier for borrowers to qualify. -
What type of home can be financed with an FHA loan?
An FHA loan may be used to purchase or refinance a new or existing single family home, 2-4 unit, townhome, condominium, or a manufactured home provided the home is on a permanent foundation. -
Who can take out an FHA loan?
Generally, anyone with a valid Social Security Number, eligible to work in the US, and of legal age to sign on a mortgage loan. -
Do I need perfect credit to qualify?
FHA offers loans to borrowers with limited or no credit, and with less than perfect credit history. FHA loans offer more flexible underwriting requirements and leniency to borrowers with past credit issues.