FHA Loans

Flexible loan for low down payments.

HELOC

12-month introductory fixed rate as low as 3.99% APR* then an ongoing variable rate as low as Prime minus 0.25%*

Is an FHA Loan right for you?

Put as little as 3.5% down

More lenient credit and income requirements than other mortgages

Our mortgage experts are ready to help

Advantages of FHA Loans

FHA Loans are ideal for first-time homebuyers looking for a home loan with low down payment options and more flexible credit and income requirements. Let MECU Credit Union mortgage experts in and around Maryland guide you to the best mortgage option for your budget and lifestyle.

  • More lenient income and credit requirements
  • Buy a home with a down payment as low as 3.5%
  • Up to 100% of your down payment can be a gift from a family member or friend
  • Required mortgage insurance is often tax deductible1
  • We'll help you find homebuying grants and incentives that provide down payment assistance

Have questions before you apply?

Fill out this quick form to chat with a MECU homebuying expert.

Banking with MECU Credit Union in Maryland means belonging to a local financial institution that invests in the Baltimore community and offers competitive rates on mortgage loans and other home lending products.

Money Market Account
Grow Your Balance with Higher Rates

Earn more on higher balances while keeping your funds accessible.

Talk to a home loan expert.

1 Consult a tax advisor. 

Handbook on Adjustable Rate Mortgages
Adjustable Rate Pricing Disclosure
Home Mortgage Disclosure Act (HMDA) Notice