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Open doors to
owning a home

Turn the dream of owning a home into reality with a mortgage insured by the Federal Housing Administration (FHA)

  • Down payments as low as 3.5%
  • Flexible FICO® Score credit requirements
  • Less restrictive debt-to-income guidelines

Apply now

Here's what you'll need

Here's what you'll need

Mortgage, Home Equity and Equity Line of Credit

  • SSN or ITIN
  • Date of Birth
  • Address
  • Employment information and income
  • Approximate total debt

Here are some of the things we may ask for later in the process:

  • Paystubs for the last 30 days
  • 2 most recent W-2s
  • 2 most recent tax returns
  • 2 most recent bank statements
  • Homeowners insurance declarations page

For a detailed list of documentation, see our Mortgage Application Document Checklist.

Open doors to owning a home

Turn the dream of owning a home into reality with a mortgage insured by the Federal Housing Administration (FHA)

  • Down payments as low as 3.5%
  • Flexible FICO® Score credit requirements
  • Less restrictive debt-to-income guidelines

Apply now

Here's what you'll need

  Washington’s only Forbes Best-In-State Credit Union five years in a row!

  Washington’s only Forbes Best-In-State Credit Union five years in a row!

Our service to you

We’re committed to helping you buy a home. Your FHA loan will be handled quickly and efficiently with personal support every step of the way.

FHA home loans are typically more flexible than conventional mortgages, with lower rates and lower credit requirements.

  • Fixed- and adjustable-rate options
  • Available for owner-occupied primary residence in WA, OR, or ID
  • Experienced Loan Officers to guide you throughout the process
FHA Loan Rates

30-Year Fixed Rate

5.875%
Interest rate The amount you'll pay each year to borrow the money, expressed as a percentage.
6.677%
APR Annual Percentage Rate: The cost of the loan, including interest and fees.
Apply now
Payment example
Here's what you'll need

20-Year Fixed Rate

5.875%
Interest rate The amount you'll pay each year to borrow the money, expressed as a percentage.
6.757%
APR Annual Percentage Rate: The cost of the loan, including interest and fees.
Apply now
Payment example
Here's what you'll need

15-Year Fixed Rate

5.500%
Interest rate The amount you'll pay each year to borrow the money, expressed as a percentage.
6.390%
APR Annual Percentage Rate: The cost of the loan, including interest and fees.
Apply now
Payment example
Here's what you'll need

Rates subject to change at any time. These mortgage rates are based on assumptions and conditions including but not limited to property type, occupancy, loan-to-value and credit score. Your interest rate will be based on loan specifics and your credit history. Once your rate is locked, a float-down option may be available.

The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $337750.00 and an estimated property value of $350000.00 (96.5000% LTV). The property is located in Olympia, WA and is within Thurston County. The property is an existing single-family home and will be used as a primary residence. The assumed credit score is 720 and includes a 1.75% upfront mortgage insurance, and includes discount points of 0.0000 with $2713.00 in finance charges.

At a 5.875% interest rate, the APR for this loan type is 6.677%. Payments do not include taxes and insurance premiums. The monthly payment schedule would be:

360 payments of $1997.92

Here's what you'll need

Here's what you'll need

Mortgage, Home Equity and Equity Line of Credit

  • SSN or ITIN
  • Date of Birth
  • Address
  • Employment information and income
  • Approximate total debt

Here are some of the things we may ask for later in the process:

  • Paystubs for the last 30 days
  • 2 most recent W-2s
  • 2 most recent tax returns
  • 2 most recent bank statements
  • Homeowners insurance declarations page

For a detailed list of documentation, see our Mortgage Application Document Checklist.

to get started.

Estimate your monthly payment with our Mortgage Calculator.

Here's what you'll need

Mortgage, Home Equity and Equity Line of Credit

  • SSN or ITIN
  • Date of Birth
  • Address
  • Employment information and income
  • Approximate total debt

Here are some of the things we may ask for later in the process:

  • Paystubs for the last 30 days
  • 2 most recent W-2s
  • 2 most recent tax returns
  • 2 most recent bank statements
  • Homeowners insurance declarations page

For a detailed list of documentation, see our Mortgage Application Document Checklist.

The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $337750.00 and an estimated property value of $350000.00 (96.5000% LTV). The property is located in Olympia, WA and is within Thurston County. The property is an existing single-family home and will be used as a primary residence. The assumed credit score is 720 and includes a 1.75% upfront mortgage insurance, and includes discount points of 0.0000 with $2713.00 in finance charges.

At a 5.875% interest rate, the APR for this loan type is 6.757%. Payments do not include taxes and insurance premiums. The monthly payment schedule would be:

240 payments of $2395.45

Here's what you'll need

Here's what you'll need

Mortgage, Home Equity and Equity Line of Credit

  • SSN or ITIN
  • Date of Birth
  • Address
  • Employment information and income
  • Approximate total debt

Here are some of the things we may ask for later in the process:

  • Paystubs for the last 30 days
  • 2 most recent W-2s
  • 2 most recent tax returns
  • 2 most recent bank statements
  • Homeowners insurance declarations page

For a detailed list of documentation, see our Mortgage Application Document Checklist.

to get started.

Estimate your monthly payment with our Mortgage Calculator.

The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $337750.00 and an estimated property value of $350000.00 (96.5000% LTV). The property is located in Olympia, WA and is within Thurston County. The property is an existing single-family home and will be used as a primary residence. The assumed credit score is 720 and includes a 1.75% upfront mortgage insurance, and includes discount points of 0.5000 with $2713.00 in finance charges.

At a 5.500% interest rate, the APR for this loan type is 6.390%. Payments do not include taxes and insurance premiums. The monthly payment schedule would be:

180 payments of $2759.70

Here's what you'll need

Here's what you'll need

Mortgage, Home Equity and Equity Line of Credit

  • SSN or ITIN
  • Date of Birth
  • Address
  • Employment information and income
  • Approximate total debt

Here are some of the things we may ask for later in the process:

  • Paystubs for the last 30 days
  • 2 most recent W-2s
  • 2 most recent tax returns
  • 2 most recent bank statements
  • Homeowners insurance declarations page

For a detailed list of documentation, see our Mortgage Application Document Checklist.

to get started.

Estimate your monthly payment with our Mortgage Calculator.

FAQ

FHA loans are backed by the Federal Housing Administration. They’re generally easier to qualify for than conventional loans and typically have smaller down payment requirements.

Yes. With FHA loans, you’ll need to pay a mortgage insurance premium (MIP) that can be canceled if the loan is paid off or refinanced. MIP comes in two forms: upfront MIP that can be financed in the loan amount, and annual premiums that are included in the borrower’s monthly mortgage payment.

Yes. FHA rules allow you to use gifted funds for your down payment and certain closing costs.

Why WSECU?

Being a member of Washington’s only Forbes Best-In-State Credit Union five years in a row has its perks. Enjoy favorable rates on everything from credit cards to savings accounts. Insured deposits. A great mobile app. Access to your money from ATMs anywhere in the world. And since you’ll be part of a member-owned cooperative that gives 4% of its net income back to your local community, you’ll see the good happening all around you. Every day.

Forbes 2025 Best-In-State Credit Unions - 5 Years Running

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