Reduced down payments make homeownership more affordable
Popular government-backed program
Down payments as low as 3.5%
Qualify with less-than-perfect credit
Fixed-rate and adjustable-rate loans available
Our team knows how this works
While the federal government insures FHA mortgages, you'll still work directly with our knowledgeable local lenders throughout the entire process.
Helping families achieve the dream of homeownership for nearly 100 years
Since its creation in 1934, the Federal Housing Administration has insured over 50 million mortgages for single- and multi-family homes. There's a simple reason for the program's popularity – it provides a path to homeownership for borrowers who may not qualify for conventional mortgages due to credit score, debt totals, or down payment challenges.
- For primary residences only
- Often used by first-time homebuyers
- Competitive interest rates and closing costs
- Upfront & monthly Mortgage Insurance Premium (MIP) can be required
- For more information, including property value limits, visit the U.S. Department of Housing and Development's site
Make your dream of buying a home in Iowa, Illinois or Nebraska a reality with a mortgage loan from GreenState Credit Union. Contact us or visit a branch.
What our members are saying
"I’ve closed on five mortgages in my lifetime, and this one was the smoothest and easiest to close. Thank you GreenState!"