• For home purchases or refinancing
  • Stable payments
  • As little as 3.5% down payment 
  • Less than perfect credit 
  • Loan amounts from $75,000 to $510,400
  • Click here for rates and terms 

What is a FHA Loan?


An FHA loan is a mortgage insured by the Federal Housing Administration.  Borrowers with FHA loans pay for mortgage insurance, which protects the lender against loss if the borrower defaults on the loan.



The Process:


To make the process easier to understand we have outlined the process for applying for a FHA loan below:


• Application - our online application makes it easy to apply. Once you have submitted your application it is reviewed by one of our Mortgage Loan Officers.
• Once we have identified the need for an FHA loan we will contact our partner MHL Mortgage.
• MHL Mortgage is a FHA approved Lender and will process your file at JSC FCU’s request.
• Loan Estimate - once you have a property your MHL loan officer will provide you with a loan estimate, this will show you an estimate of what fees may be charged to process or close your loan.
• Required Documents - your MHL loan officer will provide you with a list of documents that will be required to process your loan.
• Processing - your file will be transferred to the processing department where an experienced processor will prepare your file for the underwriting stage.
• Underwriting - the underwriter makes sure that all loan requirements are met. If any additional documentation is needed your loan officer or processor will contact you.
• Closing - at the title company you will be presented with your final closing documents to sign. An experienced closer will walk your through each document and answer any questions you might have.



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