Wailuku Federal Credit Union can help you secure an FHA loan, which is a mortgage insured by the Federal Housing Administration. FHA loans are more accessible than other loans, since they are less strict in their qualification and credit requirements. In some cases, credit scores as low as 580 may qualify for an FHA loan. In addition, FHA loans can allow you to purchase a primary home with as little as 3.5% down.

FHA loans come in many forms, including 30-, 25-, 20-, and 15-year terms with fixed rates, or as 5-year adjustable-rate mortgages. As such, your monthly loan payments will depend on the type of FHA loan you’ve selected and the interest rates you’ve secured.

Contact Wailuku Federal Credit Union today and sit down with one of our loan experts to see if an FHA loan is the right fit for your personal situation and goals.