Go PenAir

FHA Loans

The Federal Housing Administration is the largest government insurer of mortgages in the world. For this reason FHA loans are perfect for first-time buyers who may not have a lot of money saved for a down payment. As an FHA-approved lender, Pen Air FCU can assist you in getting into a home with a loan that has lower qualifying requirements than conventional loans.

Highlights include:

  • Highly competitive loan rates
  • Financing on purchases up to 96.5% of the appraised value of the home
  • Home sellers can contribute up to 6% of the purchase price toward the buyer’s closing costs, including insurance
  • Closing cost expenses can be gifted by family or friends
  • Principal and interest payments are based on an Adjusted Loan Amount (one of our mortgage specials can explain in greater detail when you meet with us)
  • Loan terms up to 30 years
 

It's a Great Time to Buy!

Ready to purchase a home? Start the pre-approval process today! Pen Air FCU offers a variety of mortgage products to help you finance your dream. Whether you are purchasing a home or refinancing your existing home, you will enjoy competitive rates and low fees. Pen Air FCU has flexible programs to meet your individual needs and has special programs for first time homebuyers.

Romancing the refinancing

If you are currently sitting on a high-interest mortgage and you’ve been thinking about refinancing to a lower rate, now is the time to act. You can take advantage of low interest rates that could end up saving you thousands of dollars over time.

Give us a call at 850-505-3200 ext. 5400, or stop by any branch to speak with a Pen Air Mortgage Specialist. We’ll be glad to help you understand your options.

Banner

Pen Air Products

Pen Air Services

About Pen Air FCU

Pen Air Federal Credit Union was chartered in 1936 to serve Civil Service and Military employees who are assigned to the military bases in our area as well as their immediate families. Today, we serve many other employee groups and invite you and your family to check into our eligibility requirements.

We are a not-for-profit, member-owned financial institution that provides great loan rates, excellent returns on your investments, and outstanding member service. For additional information on how we can assist you with all of your financial needs, check out our membership and member services pages.

Go Pen Air >>