FHA
A More Accessible PathFHA Home Loans
At Hercules First Federal Credit Union, we understand that buying a home is a significant milestone, and we're here to make it more accessible. Our FHA Home Loans are perfect for first-time buyers or anyone looking for a more affordable route to homeownership. These loans are backed by the Federal Housing Administration (FHA), allowing us to offer you lower down payments and flexible terms, even if you have less-than-perfect credit.
Key Features of FHA Home Loans
Low Down Payment
With an FHA loan, you can put down as little as 3.5%, making it easier to purchase a home with less upfront cost.
Competitive Interest Rates
FHA loans typically come with lower interest rates compared to conventional loans, helping you save money over the life of the loan.
Easier Credit Requirements
If your credit score isn’t perfect, don’t worry. FHA loans offer more lenient credit requirements, so you have a better chance of qualifying.
Fixed and Adjustable Rate Options
Choose from fixed-rate or adjustable-rate mortgage options, allowing you to tailor your loan to your financial needs.
Lower Closing Costs
FHA loans often offer lower closing costs, helping make the homebuying process more affordable.
Non-Traditional Credit
If you have limited or non-traditional credit, such as a history of timely rent or utility payments, these may be considered when applying for an FHA loan.
Choose
Why us?Why Choose Hercules First Federal Credit Union for Your FHA Home Loan?
- Personalized Service: Our expert mortgage team is dedicated to guiding you through the FHA loan process, ensuring you understand every step and feel confident in your decision.
- Flexible Financing: With lower down payments and more relaxed credit requirements, FHA loans make homeownership possible for more people.
- Local Expertise: As a member-focused credit union, we take the time to understand your needs and provide tailored solutions that work for you.
- Fast & Easy Application Process: Applying for an FHA loan at Hercules First Federal Credit Union is simple and straightforward, with the support of our friendly loan officers to assist you every step of the way.
An FHA Home Loan could be your key to owning a home with lower down payments, competitive rates, and the flexibility to meet your financial situation. Let Hercules First Federal Credit Union help you open the door to your dream home today. Contact us to learn more about how we can support your homebuying journey!
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Rates
View Our RatesMortgage Rates
| Term | 1.0% Origination Fee | APR |
|---|---|---|
| 15 year | 6.000% | 6.157% |
| 20 year | 6.250% | 6.376% |
| 30 year | 6.500% | 6.597% |
Rates as of: April 8, 2025
** Rates, fees, and Annual Percentage Rates (APRs) displayed may change without notice. Actual rates, fees, and APRs may vary based on credit scores and other factors. Minimum down payment varies based on loan type selected. Mortgage loans are subject to are subject to Private Mortgage Insurance (PMI).