FHA Loans

Make homeownership a reality.

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Pay less upfront and use gift funds to help with your down payment.

 

For those with lower credit scores, it's a smart way to buy a home or refinance an existing mortgage.

 

Down payment as low as 3.5%.

 

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

 

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

 

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

30-Year Fixed

Rates as low as
6.61 % APR
CURRENT MORTGAGE RATES

An Affordable Way to Buy or Refinance

An FHA loan is a flexible choice for homebuyers with limited funds or less-than-perfect credit. Backed by the Federal Housing Administration, these loans make it easier to qualify for a home loan and allow gifted funds to help with the down payment.

And if you're already a homeowner and interested in refinancing your existing loan, it's a smart solution if your credit score might interfere with your ability to qualify for a traditional refinance. An FHA loan also may offer additional benefits that you can't get with other refinance options, such as lower mortgage insurance premium payments for some borrowers and less paperwork to be approved since you may have previously qualified for an FHA loan.

Get Help With Your Down Payment

With an FHA loan, you're able to use gift funds from a family member, employer, labor union, charitable organization, close friend or certain government homeowner assistance programs.

Discover SchoolsFirst FCU Home360®

Make your homebuying experience a successful one with concierge-level service to guide you through the process with ease.

You'll be paired with a loan consultant and real estate agent, save for a down payment faster with an exclusive high-yield account and receive a credit to help with your closing costs.3

  • Buyers: Get a 20% rebate on your participating agent’s commission.3
  • Sellers: Benefit from a reduced listing fee and discounts on services.4
LEARN MORE

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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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Meet With a Loan Consultant

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

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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 01/31/2026 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. 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. Rebate payment is made by First Team Real Estate or HomeSmart Evergreen Realty. Rebate is credited to your benefit at the close of transaction, and will be lowered by any reductions to the commissions paid to the participating agent in a concurrent purchase and sale of a home. Commission will vary. To be eligible for the 20% rebate, Member must complete the transaction with the agent assigned by SchoolsFirst FCU Home360®. Using SchoolsFirst FCU for a mortgage loan is not a requirement to earn the rebate. Purchase price must be greater than $150,000 after all credit adjustments. All rebates are subject to limitations, lender guidelines and other requirements. Certain properties may not be eligible for rebates. Rebate is 20% for purchase only of a residential property in California. Please consult a qualified tax professional for advice on tax implications from receiving a rebate. First Team Real Estate and HomeSmart Evergreen Realty are not affiliated with SchoolsFirst FCU.
  4. Discounted 1.5% listing fee is for a residential property sale in California when the home is sold and closes escrow. Does not include commission owed to buyer's agent (up to 3%). Sales price must be greater than $150,000.

NMLS Identifier: 405503

Insurance offered by SchoolsFirst Insurance Services, LLC subsidiary of SchoolsFirst Federal Credit Union. CA Insurance License 0I19344. Insurance products: 1) are not NCUSIF insured; 2) and are not obligations of or guaranteed by the Credit Union or any affiliated entities. Insurance products are not available in all states. Purchasing an insurance product from SchoolsFirst Insurance Services is not required to originate a loan with SchoolsFirst FCU.