FHA Loan

Become a homeowner with a Federal Housing Administration (FHA) loan for buyers with limited income and savings for a down payment, and lower credit scores.

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Access

Qualify with lower credit score, income

Affordable

Lower down payment, flexible FHA loan requirements

Government-insured

Lower rates, backed by Federal Housing Administration

Is an FHA loan right for me?

Owning a home is a big milestone. It may seem impossible if you have limited income, a lower credit score, or have had past financial setbacks. The good news: This FHA Loan¹ was designed for you, to help make homeownership a reality.

FHA loans have down payments as low as 3.5%, with even more flexible loan requirements than traditional mortgages. That means your start to homeownership can be lower than traditional mortgages with even more flexible FHA loan requirements. FHA loans are available to borrowers across income levels, including but not limited to, first-time homebuyers, manufactured housing and mobile home buyers, or those making energy-efficient updates.

If you have never owned a home, or have not owned a home in the past three years, you may be eligible for a grant through the First-time Homebuyer Program. This grant can help with down payment, closing costs, or to reduce the principal on your home loan.

This FHA Loan from Civic may be your next step to homeownership.

Couple showing off the keys to their new home.

Terms

Minimum credit score of 600
Down payments as low as 3.5%
Gift funds from eligible sources can cover down payment, closing costs

Features

Lower income requirements
More flexible terms compared to traditional mortgages
Get favorable interest rates; FHA loan is insured by the Federal Housing Administration

An FHA Loan could help you become a homeowner!

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Visit the Mortgage Center

We've partnered with the Credit Union Mortgage Association (CUMA) for a streamlined homebuying process. Apply online through the Mortgage Center and a CUMA agent will reach out to you to talk next steps to pre-qualification.

For the best member experience, use the Mortgage Center with a desktop or laptop computer.

Civic percent graphic to help find the best rate for your mortgage.

1. Find your rate

Civic graphic that shows how easy it is to apply for a mortgage.

2. Apply online

3. Talk with an agent

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VA Loan

The home loan built for those who serve, open to current service members, veterans, and their family members.

Get financing up to 100%
Reduced closing costs and no Private Mortgage Insurance (PMI)
Loans made under this program are guaranteed by the U.S. Department of Veterans Affairs (VA)

learn more

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Special mortgage programs

Special mortgage programs can help take some stress out of homebuying. They add value to your homeownership experience by keeping it affordable.

First-time Homebuyer Program
Community Partners Program
Workforce Housing + Program

learn more

You know the details matter (and you are in good company)

Here are a few FAQs

What is an escrow account?

It’s an account held by your mortgage service provider that holds money from your monthly mortgage payments to pay your taxes and insurance when they are due.

What is cash-out refinancing?

This is where you get a mortgage loan for more than you currently owe on your home. The difference between the new, refinanced mortgage and the balance on your previous mortgage goes to you as cash at closing.

Is a fixed-rate mortgage better than an adjustable-rate mortgage?

Your needs will determine which one will best fit your unique circumstances. A fixed-rate mortgage has predictable payments for the entire term of your mortgage loan. An adjustable-rate mortgage (ARM) starts off as fixed and moves to a variable – meaning a changing rate. An ARM option can be helpful for short-term ownership, but your specific needs will help inform your decision.

How do I pay my property tax?

Each month, when you make your monthly mortgage payment, your lender will take a portion of that money and put it in your escrow account. Your mortgage servicer will hold that money until your property taxes and insurance are due.

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You can be a homeowner, even with lower credit and limited income.

Apply for an FHA Loan. Homeownership is possible.

apply today

1 Subject to approval. Property must be in NC, SC, GA (current Civic members only), VA, or TN; member must reside in one of these states. Loans offered through Federal Housing Administration for purchase of primary residence. Adequate property and flood insurance required for life of loan. Loan product, availability, and terms subject to change.