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FHA Loan

Home, without a high down payment

FHA loans are insured by the Federal Housing Administration, making it easier to qualify.1


Competitive rates

Our competitive fixed rates make payments more affordable.


Low down payment

Lower down payment options help you buy or refinance with less cash upfront.


Expanded qualification guidelines

Buyers with lower credit scores can still qualify for a loan.


Seller-paid closing costs

Don't worry, we allow seller-paid closing costs.


Expert support

Our experts know their stuff! When you need guidance, count on us.


Friendly service

Visit us at a branch, by phone, or online! You’ll enjoy our friendly member-focused service.

Calculate your monthly payment2

Monthly Payment

Lower Down Payment Options

You don't need 20% down

With low down payment options, you don't have to save for years or drain your bank account to buy or refinance a home.

Young couple with keys to their new home
Easy to Qualify

No perfection required

FHA loans are a great option for eligible borrowers with less-than-perfect credit.

Mom and infant son taking first steps

Trust is a top reason members choose Members Mortgage.

— 2023 Mortgage Processing Survey

How it works

It's easy to get an FHA loan.

  • 1

    Complete an application

    Apply online, over the phone, in person, or through video banking.

  • 2

    Get approved or pre-qualified

    We’ll let you know if you’re approved or pre-qualified to refinance or purchase.

  • 3

    Buy or refinance your home

    Use the loan funds to purchase or refinance a home.

Apply now

Have questions? We're here to help!


Schedule an appointment


Schedule now


Meet virtually


Video Banking


Give us a call


Call 218-625-8580

Home ownership, within reach


It doesn’t take perfect credit and a high down payment to purchase a home. With an FHA loan, buy or refinance without breaking the bank.


Apply now


1 FHA loans are Federal Housing Administration-insured mortgages, and they are subject to FHA loan-specific eligibility requirements, limitations and restrictions.
2 The calculator is provided for informational purposes only and any calculation is solely an estimate based on the information you provide. Calculations do not include amounts for taxes and insurance premiums, if applicable, and your actual payment obligation may be greater. Contact Members Cooperative Credit Union at 1-800-296-8871 for more information.

Members Cooperative Credit Union lends to Minnesota and Wisconsin residents only and property used as mortgage security must be within the states of Minnesota and Wisconsin. Membership and loan approval required. Restrictions apply.

Home Mortgage Disclosure Act Notice

The HMDA data about our residential mortgage lending are available for review. The data show geographic distribution of loans and applications; ethnicity, race, sex, and income of applicants and borrowers; and information about loan approvals and denials. Inquire at any branch office regarding the locations where HMDA data may be inspected.

Use of online or other electronic services may require specific hardware and software and your agreement to certain terms and conditions. Access is subject to the availability of the internet, cellphone and network coverage and plans, and typical service interruptions stemming from your providers or the credit union’s providers.

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