FHA Loans
A Flexible Path to Homeownership
Buying a home doesn’t have to feel out of reach. With an FHA loan from Salal, you can take the next step with lower credit and down payment requirements—making it easier to move forward, even if you’re just starting your homebuying journey.
Whether you’re a first-time buyer or simply looking for a mortgage option that works with your situation, an FHA mortgage could be the fit you’ve been looking for. Our FHA loans are offered in partnership with myCUmortgage.
Home loans are available for properties located in CA, CO, ID, NV, OR, UT, and WA.
What Is an FHA Loan?
An FHA loan is a mortgage backed by the Federal Housing Administration, designed to help more people qualify for homeownership. Compared to conventional mortgages, FHA loan requirements are more flexible—making it a great option for buyers with limited savings or less-than-perfect credit.
With down payments as low as 3.5%, lower credit score requirements, and no income limits, an FHA mortgage makes it easier for more buyers to qualify—whether you’re purchasing your first home or your next. With debt-to-income ratios up to 55%, it’s a flexible option built for a wide range of budgets.
Crunch the numbers.
When you’re house hunting, it’s a big help to know what homes are in your budget. Use our free mortgage calculators to estimate what your price range may be and get an idea of what your monthly mortgage payment might look like.
Set up a free Homebuyer Planning Session.
Why Choose Salal Credit Union for Your Refinance
With an experienced Home Lending team and a personalized approach, Salal brings both expertise and care to every refinance. We take the time to understand your financial picture and help you explore options so you can confidently choose the refinancing option that works best for you.
