Get a government-backed home loan for as little as 3.5% down.

Schedule a free appointment with a home loan expert today.

An FHA loan is a government-backed home loan option insured by the Federal Housing Administration that requires a down payment of only 3.5%.*

  • Down payments as low as 3.5% with loans up to $484,350 or the county limit (whichever is less).
  • Available on a 5-year adjustable-rate and 15, 20, 25, or 30-year fixed-rate mortgages.
  • Designed to help those with lower incomes or credit scores.
  • We lend on primary residences nationwide.
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Why choose DuPage Credit Union for your FHA loan?

  • Low mortgage rates, high member satisfaction. Over 120 5-star experiences
  • You'll work with local home loan experts—from contract to closing and beyond.
  • Pay no application fee until you lock in your rate. The rate lock is 50 days.

Looking for a better alternative to FHA?

With a Low Down Payment Mortgage, you'll save $67/month while paying mortgage insurance and $200/month after mortgage insurance is no longer required. That's a savings of $60,000 over the life of a 30-year loan.

Low Down Payment MortgageFHA Loan
Purchase Price$200,000$200,000
Down Payment3% Down = $6,0003.5% Down= $7,000
Upfront MIP$01.75% Upfront MIP = $3,378
Loan Amount$194,000$196,378
Estimated Rate4.50%4.25%
Principal/Interest Payment$983$966
Monthly Mortgage Insurance$133 until 20% paid (80% LTV)$217 for life of the loan
Monthly Payment$1,116$1,183

Get help with FHA Loans.

In order to qualify for an FHA loan, you have to be a legal resident of the United States, have a source of income and be able to provide a 3.5% down payment.

Yes. The great thing about an FHA loan is that you may qualify even if you have a lower credit score or you’ve filed for bankruptcy in the past.

No. You can pay your loan off as early as you’d like without worry of a prepayment penalty.

Yes. MIP is required upfront and monthly for the life of the loan.

Yes, you can refinance with the FHA Streamline – a simplified, less complex refinance program that can get you a lower rate on your mortgage. To qualify, your current mortgage needs to be a FHA. Or, you can refinance with a Conventional Equity Loan to remove Private Mortgage Insurance (PMI) if you qualify.

  • Homeowners insurance required. Single-Family homes only in Illinois. Does not include 2-4 flat or apartment complex financing. Consult a tax adviser regarding deductibility of interest. Must be a Member in good standing. Other restrictions may apply.

  • DuPage Credit Union does not service FHA Loans. For more information, please contact us at 800-323-2611.

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