FHA HOME LOANS

A LOW DOWN PAYMENT MORTGAGE SOLUTION

Make homeownership more accessible with flexible lending standards and a lower down payment requirement.

 

FIXED TERM1

30-YEAR

INTEREST RATE2
APR3

ADDITIONAL DETAILS

  • Guaranteed/insured by the Federal Government
  • Low down payment — as little as 3.5%
  • Great option for less than perfect credit borrowers
  • More flexible underwriting qualifications
  • FHA Allows 100% Gift Funds for down payment may be  gifted from the borrower’s relative, close friend, etc.
  • FHA loans may be combined with Down Payment Assistance ProgramsThe seller/third party may help pay the buyer’s closing costs.
  • No maximum income/earning limitations.
  • Ability to Streamline Refinance
  • No prepayment penalties
  • Primary residence only

THE HOME BUYING JOURNEY IS EASIER WITH SEASONED MORTGAGE PROFESSIONALS BY YOUR SIDE

MORTGAGE LOAN OFFICER

SAMANTHA SHIMAMOTO

NMLS# 2347219
sshimamoto@silverstatecu.com
702.661.1135

MORTGAGE LOAN OFFICER

ARIAN SABERNIA

NMLS# 1651019
asabernia@silverstatecu.com
702.661.1142

MORTGAGE LOAN OFFICER

TOM JONES

NMLS# 846028
tjones@silverstatecu.com
702.661.1129

CONVENTIONAL HOME LOAN FAQs

Yes. A General Membership gives you access to FHA Home Loans and other mortgage loan options, as well as Savings, Checking, and so much more. Anyone who lives in Nevada can join! Learn more about how to qualify for a Silver State Schools Credit Union membership.

The Silver State Schools Credit Union service area is the entire state of Nevada. While our core membership is comprised of those involved in the educational industry, such as employees, volunteers, students and parents of students, anyone can become a member. Learn more about how to qualify for a Silver State Schools Credit Union membership.

FHA loans enable more people to achieve homeownership. They allow borrowers who have less than perfect credit, no credit history, or who may have experienced some financial missteps, like a foreclosure or bankruptcy, to qualify.

The program has become popular with first-time homebuyers and move-up buyers because you can buy a house with a lower down payment, and the underwriting standards are more flexible

EXPLORE OUR MORTGAGE OPTIONS

Mortgages

Conventional Home Loans

We offer fixed-rate and affordable-rate mortgages for primary residences, second homes, and investment properties.

Mortgages

Educators+ Homeownership Program

Unlock homeownership with specialized mortgage programs for teachers and staff. No down payment required.

Mortgages

VA Home Loans

Discover the benefits of VA home loans for veterans and active-duty service members. Competitive rates and flexible terms.

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Disclosures

Mortgage Loan Rates can change at any time and without notice.

1The disclosed APR is based on the payment of 1.000 origination point. For example, a $400,000 loan with a 7.477% APR with a 360-month repayment term, the estimated monthly principal and interest payment is $2,763.

2Interest rate quoted assumes a purchase with 45-day lock pricing at 60% loan-to-value (LTV), a minimum FICO score of 740 on a primary residence. The actual interest rate, APR and payment amount may vary based on the specific terms of the loan selected, verification of information, your credit history, the location and type of property, and other factors as determined by Lender. Not available in all states. Payments shown do not include taxes or insurance, actual payment obligations will be greater. Minimum credit scores apply. Not all applicants will qualify.

3Annual Percentage Rate (APR).

All loans are subject to credit approval, verification, and collateral evaluation. Other terms and conditions may apply, ask for details. Down payments as low as 3.5% available. A 20% down payment is required to avoid Private Mortgage Insurance (PMI). Silver State Schools Credit Union

(NMLS ID#382004) is located at 630 Trade Center Drive, Las Vegas, NV 89119, and can be contacted at 702.733.8820. Our Mortgage Loan Origination Officers are licensed through the National Mortgage Licensing System (NMLS).

Membership eligibility is required. Must be a Silver State Schools Credit Union member to borrow. Membership at SSSCU requires a savings account with a minimum balance.