This could be your answer to buying your first home…..
Whether you are purchasing a new home, renovating a house, or simply making your current home more energy efficient, a FHA home loan could be the mortgage loan solution for you. It offers low down payment options, low closing costs and easy credit qualifying.
Features:
- 3.5% down payment of purchase
- Loan amounts up to $729,5001
- Owner- occupied California properties only: primary residences, 1-4 unit dwellings
- Mortgage insurance (MIP) requirement2
Have questions? Call a Real Estate Specialist today at (650) 363-1799—we're happy to answer any questions you have.
1Maximum loan amount varies based on type of property and county locations. Not available in all California counties. Other mortgage loan product options are available. All loans subject to credit, income, debt, and property value qualifications. 2 Mortgage insurance premium is equal to 1.5% of the purchase price of the property and a renewal premium of .50% in subsequent years. Additional conditions and restrictions may apply. Rates and terms subject to change without notice. All loans require San Mateo Credit Union membership and credit approval. You are eligible for membership in SMCU if you live, work, worship, or study in San Mateo County. A one-time, non-refundable membership fee of $10.00 is required to join. Equal Opportunity Lender.
