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.
Introducing the Rate Deflator!
Finance your new home purchase mortgage loan today with Magnifi Financial, and we'll waive the origination fee on the refinance loan within 3 years!
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.
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.
Apply for a mortgage loan today!
We’re ready to help finance your perfect home with your perfect mortgage.Apply Now
Check out some of the mortgage loan options available with Magnifi Financial:
Traditional mortgage loans with fixed rates throughout the term of the loan.
Mortgage Loans with variable interest rates which may fluctuate payments.
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.
A program for low and moderate income families living in rural areas.
A program for credit-worthy low-to-moderate income borrowers or homes in low-income communities.
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.
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.