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.
APR* as low as
|30-Yr Fixed Mortgage||3.000 - 3.072%*|
|15-Yr Fixed Mortgage||2.625 - 2.756%*|
|10-Yr Fixed 2nd Mortgage||9.00%||$15,000 Max|
|5-Y Fixed 1st & 2nd Mortgage||3.10%||80% LTV|
|7-Yr Fixed 1st & 2nd Mortgage||3.15%||80% LTV|
|10-Yr Fixed 1st & 2nd Mortgage||3.25%||80% LTV|
|15-Yr Fixed 1st Mortgage||3.35%||5 Year Call|
|15-Yr Fixed 2nd Mortgage||4.25%||5 Year Call|
|30-Yr Fixed Long Term Mortgage||3.50%||10 Year Call|
A: FHA loans require a minimum of 3.5% down payment.
A: Some FHA mortgage loans require an up-front mortgage insurance premium of at least 1.75% of the total loan amount. This is in addition to a monthly mortgage insurance premium, which fluctuates depending on your mortgage term length and loan to value ratio (LTV).
A: FHA mortgage loans are excellent alternatives to conventional loans for first-time homebuyers, as well as those with less-than-perfect credit scores.
*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