FHA Loan

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New Members

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Existing Members

Log into CU Online and click on Self Service. Next click on Open Additional Accounts under the Member Requests section.

Contact the Member Contact Center at 800-475-1150, email us at memberservices@collinscu.org, or stop into any Collins Community CU location.

Designed to help individuals who may have difficulty qualifying for a conventional mortgage

Insured by the Federal Housing Administration, FHA loans are designed to help individuals who may have difficulty qualifying for a conventional mortgage due to a lower credit score or lack of funds for a down payment. FHA loans offer a fixed interest rate, which may provide stability and predictability for borrowers over the life of the loan.

It's important to note that FHA loans do require mortgage insurance, which can increase the overall cost of the loan. However, the benefits of lower down payment and credit score requirements, fixed interest rates, and more flexible debt-to-income ratios can make an FHA loan a good option for many borrowers.

Learn more about FHA Loans

Questions? If you are unsure about which type of mortgage is right for you, contact one of our loan officers before applying.

FHA loans offer several benefits, including:

Lower down payment requirements

Lower credit score requirements

Fixed interest rates

More flexible debt-to-income ratios

Assumable loans

Important Legal Disclosures

Certain restrictions apply. All loans subject to approval. Must be or become a Collins Community CU member to obtain a loan. Rates, terms and conditions subject to change at any time.

NMLS Registry Information for Collins Community Credit Union Mortgage Loan Originators