FHA Mortgages

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Yes, you can buy a home without a huge down payment.

The not-so-good news: It can take years - even decades - to save the small fortune needed to qualify for some traditional mortgages. The really good news: We know a shortcut.

Down payments as low as 3.5%

Flexible credit guidelines

Take up to 30 years to repay

Personal assistance from friendly lenders

A dream come true for 40 million American families

Federal Housing Administration loans are a rock-solid mortgage program. They've been around for nearly a century, providing a wide range of financial advantages that bring the American Dream within reach of low- and moderate-income families.

  • Fixed-Rate and Adjustable-Rate Mortgages available
  • Competitive interest rates
  • Low down payments of just 3.5% of purchase price
  • Repayment terms up to 30 years
  • Flexible credit guidelines to qualify
  • No prepayment penalties
  • Work one-on-one with a mortgage lender who has extensive experience with Federal Housing Administration Loan applications
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What's Your Journey?

The customer service at CommonWealth One has been exceptional, assisting me with my first car loan. I’ve had a positive experience with both my car and personal loans, enjoying quick service and competitive rates. I feel valued rather than just a customer.

Tatiana
Member since 2021

CommonWealth One Federal Credit Union is a full-service financial institution with branches in Northern Virginia, Maryland and Washington D.C.

Disclosures
All applications are subject to credit and underwriting approval; not all applicants will qualify. This is not an offer for extension of credit nor a commitment to lend. Programs, rates, terms, and conditions are subject to change without notice. This offer is available to properties located in the Commonwealth of Virginia, Maryland, and Washington, D.C. only. Member Advantage Mortgage LLC is licensed by the Virginia State Corporation Commission, Mortgage Lender License MC-5045, NMLS ID #1557 (www.nmlsconsumeraccess.org). Visit cofcu.org for more Terms and Conditions. Equal Housing Lender. This notice provides that Member Advantage Mortgage, LLC has a business relationship with CommonWealth One Federal Credit Union. The nature of this relationship is Indirect Owner. Because of this relationship, this referral may provide Member Advantage Mortgage, LLC a financial or other benefit. CommonWealth One Federal Credit Union NMLS# 1557 complies with the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (S.A.F.E. Act). A list of our registered originators can be found by searching for CommonWealth One FCU at https://www.nmlsconsumeraccess.org/.

For Government loan products, the information provided assumes the purpose of the loan is to purchase a property, with a loan amount of property, with a loan amount of $237,500, a down payment of $12,500 and an estimated property value of $250,000. The property is an existing single family home and is used as a primary residence. An escrow (impound) account is required. The rate lock period is 45 days and the assumed credit score is 700.