FHA Mortgage Loans
Buying a home is a significant milestone, and at People Driven Credit Union, we’re committed to helping you achieve your dream of homeownership. Our FHA Mortgage Loans offer flexible terms and lower down payment options, making it easier for you to purchase your first home or refinance your existing mortgage. An FHA Mortgage Loan is a government-backed loan insured by the Federal Housing Administration (FHA). Designed to help low-to-moderate-income borrowers, these loans are particularly beneficial for first-time homebuyers or those with less-than-perfect credit.
Membership and eligibility requirements apply, with approval subject to application, credit, and property considerations.
Benefits of an FHA Mortgage Loan
Lower Down Payment: With an FHA loan, you can put down as little as 3.5% of the purchase price, making homeownership more accessible.
Flexible Credit Requirements: FHA loans are designed to help borrowers with lower credit scores. Even if your credit history isn’t perfect, you may still qualify.
Competitive Interest Rates: Benefit from interest rates that are often lower than those available with conventional loans.
Assumable Loan: FHA loans can be transferred to a new buyer, which can be a significant selling point if you decide to move.
Refinancing Options: FHA loans offer streamlined refinancing options, allowing you to reduce your interest rate or adjust your loan term with less hassle.
Why Choose People Driven Credit Union for Your FHA Loan?
At People Driven Credit Union, we understand that every homebuyer’s situation is unique. Our team of experienced mortgage specialists is dedicated to providing personalized service to help you find the best mortgage solution for your needs.
Expert Guidance: Our mortgage specialists have extensive knowledge of FHA loan requirements and will guide you through every step of the application process.
Member Focused: As a member-owned credit union, we prioritize your best interests and strive to offer competitive rates and low fees.
Local Market Knowledge: We have a deep understanding of the local housing market and can offer valuable insights to help you make informed decisions.
Frequently Asked Questions
Meet Our PDCU Mortgage Specialist
Michelle Dzon is authorized to act as an agent on behalf of People Driven Credit Union. Contact her for personalized assistance with your mortgage needs.Michelle Dzon
Member First Mortgage
michelle.dzon@memberfirstmortgage.com
616-301-1714 | NMLS ID: #401292
- Lower Down Payment: FHA loans allow for a down payment as low as 3.5% of the purchase price.
- Flexible Credit Requirements: Borrowers with lower credit scores may still qualify for an FHA loan.
- Competitive Interest Rates: FHA loans often offer lower interest rates compared to conventional loans.
- Assumable Loan: The loan can be transferred to a new buyer if you decide to sell your home.
- Refinancing Options: Streamlined refinancing options are available to reduce your interest rate or adjust your loan term.
Michelle Dzon
Member First Mortgage
michelle.dzon@memberfirstmortgage.com
616-301-1714 | NMLS ID: #401292