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FHA Mortgage

Do you want to buy a house but need a low down payment?
 
FHA loans are available to first-time home buyers and require a down payment as low as 3.5%.
 
With an FHA Mortgage from Michigan Schools and Government Credit Union, you'll receive:
  • Low down payment options
  • Low closing costs
  • Competitive interest rates
  • No prepayment penalty
While banks are taking a break from mortgages, contact an MSGCU Mortgage Expert to find out which mortgage is right for you.
 

Rates as of Friday, November 10, 2017

Product DescriptionRates as low asAPR*Payments
FHA MORTGAGE - Fixed Purchase
30 Year Fixed - FHA Fixed Purchase4.125%4.176%Show Payments
15 Year Fixed - FHA Fixed Purchase3.750%3.793%Show Payments
FHA MORTGAGE - Fixed Refinance
30 Year Fixed Refinance - FHA4.125%4.176%Show Payments
15 Year Fixed Refinance - FHA3.750%3.839%Show Payments
FHA MORTGAGE - ARM Purchase
5-Year ARM Purchase - FHA4.875%3.618%Show Payments
FHA MORTGAGE - ARM Refinance
5-Year ARM - FHA4.875%3.618%Show Payments

*APR - Annual Percentage Rate

**Fixed-Rate Assumptions: The payment is based on a $160,000 loan amount and consists of principal and interest only. The payment does not include taxes and insurance premiums. The actual payment amount will be greater. The APR includes a Processing Fee of $395 and an Underwriting Fee of $450, with a minimum down payment of 3.5%. 


**Adjustable-Rate Assumptions: The initial payment is based on a $160,000 loan amount, amortized for 30 years. The interest rate is variable and subject to change after 5 years. After the initial 5 years, the principal and interest payment can change every year for the remaining life of the loan. The payment consists of principal and interest and does not include taxes and insurance premiums. The actual payment amount will be greater. The APR includes a Processing Fee of $395 and an Underwriting Fee of $450, with a minimum down payment of 3.5%.