Couple looking at house they want to purchase with FHA Mortgage Loan

FHA MORTGAGE LOANS

Need a low down payment mortgage? You’ve come to the right place.

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WHAT IS AN FHA MORTGAGE LOAN?

An FHA mortgage loan is a home financing tool extended and insured by the Federal Housing Administration. Government backing allows lenders like Wasatch Peaks Credit Union to offer more affordable deals and better mortgage terms. These types of loans typically have much lower down payments, interest rates, and monthly payments than conventional mortgages.

Loan features:

  • Low down payment requirements
  • Competitive closing costs
  • Flexible credit qualifications
  • Financing for mobile and manufactured homes
  • Fixed and adjustable-rate options
  • Refinancing options for outside lenders
  • High loan amounts determined by location
 

Mortgage Rates

Loan
APR
Details
Home Equity Line of Credit
3.49%
Low 6-month intro rate
30-Yr Fixed Mortgage
6.13 - 6.274%
15-Yr Fixed Mortgage
5.63 - 5.87%
30-Yr Improved Lot
7.25%
3 year call - 80% LTV
9-Month Construction
5.75%

FHA Mortgage Loan FAQs

 

TURN DREAMS INTO REALITY WITH WASATCH PEAKS

Stop just dreaming of homeownership and start building a new life with affordable FHA mortgage loans from Wasatch Peaks Credit Union.

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*Rates, fees, and Annual Percentage Rates (APRs) displayed are intended as mortgage market indicators only, are time-delayed, and may change without notice. The information provided assumes the purpose of the loan is to purchase a primary residence, single-family dwelling in Utah with a 20% down payment. The rate-lock period is 30 days and the assumed credit score is 740. Actual rates, fees, and APRs may vary based on these and other factors. There may be additional fees assessed by the investor that will increase the APR. NMLS#631141