FHA Mortgage

Everyone dreams about owning a home, a place to settle down and raise a family and to call your very own. But not everyone knows how easy it is to qualify. If you are a first-time homebuyer, have less than perfect credit or are looking for a low down payment loan, an FHA loan may be right for you.

An FHA mortgage is a government-backed loan. Insured by the Federal Housing Administration (FHA), an FHA loan has less stringent credit requirements than a conventional loan, and lower down payments (sometimes as low as 3%). With historically low rates, now is a great time to take steps toward homeownership.

Key Features and Benefits

  • Down payments as low as 3.5%
  • Fixed or adjustable rate loans are available
  • Seller can assist with up to 6% of purchase price toward closing costs
  • All funds for your closing costs can be from a gift
  • Non-traditional credit considerations (on-time rent, utility and insurance payments)
  • Available for primary residences in PA, NJ, DE & MD.

Compare your Options

Conventional Mortgage

FHA Mortgage

Down Payment


Must have available funds.


All of the funds can be a gift from a family member

Minimum Credit Score

Varies by loan program

Varies by loan program


Rates are determined by the lender based on guidelines/credit criteria.

Rates are determined by the lender based on guidelines/credit criteria.

Mortgage Insurance

Private Mortgage Insurance is required with less than 20% down.

Upfront mortgage insurance premium can be added into the loan + monthly mortgage insurance premium.


Can be primary, investment, or secondary residence

Primary residence only

Sellers Assistance

Seller can assist with closing cost up to 6%.

Seller can assist with closing cost up to 6%.

Property Locations

In all 50 states

PA, NJ, DE, & MD


10 - 30 years (5 year increments)

Up to 30 years

Loan Limits

Up to $417,000

Loan limits vary based on # of units, county, etc.

Products Offered

Fixed Conventional & 5/1 ARM (Adjustable Rate Mortgage)

Fixed & ARM Programs

Want to talk to someone?

Call our Mortgage Department at 215-934-3500 to talk with a PFCU Mortgage Professional.
Apply for a Loan

*If you are applying for a pre-approval, purchase or refinance, an application deposit will be collected to cover the cost for the credit reports. This fee will be credited toward closing costs.

We will accept your application online even if you are not currently a member. All borrowers on the application will be asked to qualify for membership. Prior to your loan closing, you will be asked to open a qualifying account. Residency restrictions apply.

Conventional First Mortgages are issued in PA, NJ, DE, MD and FL only. Conventional First Mortgage rates quoted are for our standard programs.

Cash out refinance transactions with LTV over 70% will be .75% higher than rates quoted. Paying off a home equity loan is considered cash out.

Apply Today

FHA Mortgages are available to all PFCU members 18 years or older who meet our account verification requirements.