Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Does the credit union provide FHA or VA mortgages?

April 26, 2017Credit Union FHA mortgages VA

0

Posted

Does the credit union provide FHA or VA mortgages?

1 Answer

0

Posted

At this time the credit union does not provide FHA mortgages. However, we have low down payment programs that often allow a member to qualify for a conventional mortgage. Often times FHA loans have more fees associated with them. Therefore, borrowers need to compare the fees as well as down payment requirements to see which program is more beneficial for them. The credit union does currently offer VA mortgages for eligible veterans. VA mortgages offer veterans a no down payment option on qualified loans.