First Time Home Buyer
If you are ready to buy a home, but don’t have a huge down payment, consider an FHA loan through Communication Federal Credit Union. These loans are a perfect fit for first-time home buyers, because the down payment required can be as little as three percent. With an FHA loan, credit score and debt-to-income requirements are usually more flexible than with a conventional mortgage.
CFCU’s FHA loan rates are very competitive to help you buy your home and keep an affordable monthly payment. Our lenders can work with you to make sure you can afford the payment before you buy. We provide an up-front analysis based upon your loan amount so you have a solid estimate of your payment, including taxes and insurance, before you buy. You’ll also want to consider future needs, like car payments, before buying to make sure your home payment doesn’t max out your monthly budget.
Our home loan experts will work with you to guide you through the loan process and take the stress out of your buying experience. You may apply online or call one of our mortgage professionals to begin our simple application experience.
Here are some of the great benefits of a CFCU mortgage:
- Personalized service with your trusted credit union
- Fast approval process
- In-house processing and funding
- Applying online is as easy as 1-2-3
You can apply in as little as 20 minutes.Start My Application
More About Communication Federal Credit Union
Communication Federal Credit Union has headquarters in Oklahoma City and was founded in 1939. The credit union has grown to include 23 branch locations in two states. It is among the strongest financial institutions in the nation, having received the prestigious five-star rating from Bauer Financial Reports, Inc. for 27 consecutive years. Learn more about the credit union and become a member today.