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FHA Loans

Makes qualifying for homeownership more accessible.

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Lower upfront costs and can use gift funds to help with the down payment

 

Down payment as low as 3.5%.

 

15- and 30-year fixed terms so you have a predictable payment for the life of the loan.1

 

Government Mortgage Insurance Premium, or MIP, can be financed as part of the loan so you need less cash upfront.

 

Allows for a co-borrower, even if they won't live in the home.

 

Use gifted funds from a variety of resources, including family and friends.2

 

Rate lock between approval and closing.3

30-year fixed rates as low as

7.93 % APR
CURRENT MORTGAGE RATES
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A Great Solution for First-Time Buyers

If you're a first-time homebuyer or have limited funds, an FHA loan helps you save money upfront and over the life of your mortgage.

Backed by the Federal Housing Administration, an FHA loan features a lower down payment — as low as 3.5% — and greater flexibility in credit requirements as compared to many conventional home loans.

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Gift Funds for Your Down Payment

If you need help with a down payment, you can use gift funds from a family member, employer, labor union, charitable organization, close friend or certain government homeowner assistance programs.

We'll help you achieve the dream of homeownership.

Full-Service Homebuying with SchoolsFirst FCU Home360®

We'll pair you with a loan consultant and local real estate agent to guide you through every step of buying or selling your home, with expert advice and exclusive discounts to save you thousands.

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Homebuying Resources

Find the Best Home Loan for You

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Compare Two Mortgages

CALCULATOR

Get the Right Home Insurance Coverage

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Protect Your Biggest Investment

  • Homeowners Insurance: Make sure you're protected from losses due to fire, lightning, burglary, vandalism, storms and more.
  • Condominium Insurance: Get coverage for interior walls and floors, personal property and personal injury.
  • Earthquake Insurance: This separate policy helps you recover, replace and rebuild if a tremor damages your home.
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Apply Online

Log in with your SchoolsFirst FCU user name and password, or as a guest.

SUBMIT AN APPLICATION
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Get Professional Guidance

Discuss your options with a real estate loan consultant in person, over the phone or at a branch.

MAKE AN APPOINTMENT
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Call

Monday through Friday, 8 a.m. – 7 p.m.
Saturday, 9 a.m. – 3 p.m.

(800) 462-8328, EXT. 8288
Disclosures

APR = Annual Percentage Rate. All loans subject to approval.

The interest rates and APRs listed above are effective as of 01/14/2025 and are subject to change without notice. The pricing you may qualify for is based on factors including your credit rating and loan-to-value (LTV) of your property. A minimum credit qualifying score is required. Loan pricing that you may qualify for can be different based on your credit history, loan-to-value (LTV), occupancy, property type, loan amount, loan purpose and income/financial obligations. A minimum credit qualifying score is required. Rates and programs are subject to change without notice. Lending area: State of California.
  1. Principal and interest payments are fixed. Other costs such as property taxes and homeowners insurance may increase over the life of the loan.
  2. Gift funds must be from a permissible source. The donor may not be, or have any affiliation with, the seller, builder, developer, real estate agent or any other interested party to the transaction. Ask a loan consultant for details.
  3. Limits apply to the length of rate locks offered and rate locks may not cover the entire period between credit approval and closing in all cases. See our Rate Lock Information for terms and conditions.

NMLS Identifier: 405503

CA Insurance License 0I19344. Purchasing an insurance product from SchoolsFirst Insurance Services is not required to originate a loan with SchoolsFirst FCU.