A small down payment can make a big difference in your life

  • FHA loans offer low down payment options
  • Low closing costs
  • Competitive interest rates as low as 4.625% on fixed-rate and adjustable-rate loans
  • No prepayment penalty

Most traditional mortgages require down payments of 5% to 10%. But Federal Housing Authority (FHA) loans can help you realize your dream of homeownership for as little as 3.5% down. Michigan Schools and Government Credit Union Mortgage Experts can walk you through every step of the application process.