zero fox

FHA Mortgage Loans

A mortgage loan program that can help low-credit or low-income borrowers.

The Federal Housing Administration (FHA) (part of HUD) insures the loan, helping Magnifi Financial offer borrowers who may not be able to qualify for other programs. Our local mortgage lenders can work with you to see if you qualify.

Apply  Rates  FHA HUD Website

Family moving into their new home thanks to an FHA loan

Low Down Payment

A borrower's down payment can be as low as 3.5% for a home purchase or refinance transactions. This is especially beneficial for first-time buyers.

Easy Credit Qualifying

Borrowers can get loan approval with lower credit scores or with higher LTV ratios.

Extra Insurance

All FHA loans require the borrower to pay additional mortgage insurance to cover the cost of the loan in case of default.

Mortgage Loan Calculator

Estimate monthly payments and total interest paid on any fixed-rate mortgage loan.

Loan Amount
Annual Interest Rate
Loan Term
Annual Property Taxes
Annual Homeowners Insurance
Monthly Private Mortgage Insurance
Monthly Principal and Interest Payment
Monthly Tax, Insurance and PMI payment
Total Monthly Payment

*Calculator provides general estimations only. Inconsistencies may occur with the use of the calculator and the outcomes are not credit guarantees. For specific payment and interest information, please contact us.

Calculating mortgage payment


Apply for a mortgage loan today!

We’re ready to help finance your perfect home with your perfect mortgage.

Apply Now

Mortgage Programs

Check out some of the mortgage loan options available with Magnifi Financial:

CONVENTIONAL
MORTGAGE

Traditional mortgage loans with fixed rates throughout the term of the loan.

ADJUSTABLE-RATE
MORTGAGE (ARM)

Mortgage Loans with variable interest rates which may fluctuate payments.

FIRST-TIME
HOMEBUYERS

Learn more about purchasing your first home and your options available.

BUYING A HOME HUB

Go to the mortgage homepage to learn more about the process..

VETERANS AFFAIRS (VA)

A VA loan helps provide home financing for eligible Service members, Veterans, and surviving spouses.

RURAL DEVELOPMENT

A program for low and moderate income families living in rural areas.

HOMEREADY BY
FANNIE MAE

A program for credit-worthy low-to-moderate income borrowers or homes in low-income communities.

LAND LOANS

Loans are available for the purchase of property such as for hunting or investment.

Please note, while you are undergoing the mortgage loan process, it is best that you check with your mortgage lender before opening any other loans at the same time.

IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT

To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.
What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you.
We may also ask to see your driver’s license or other identifying documents.

magnifi icon

Join the Magnifi Family!

At Magnifi, you're not just a member-owner of an award-winning credit union, you become part of the Magnifi family and receive all the benefits and perks you need to succeed financially.

Am I Eligible? Become a Member
Talk to us now