FHA Loans Wyomissing, PA

Bellco Federal Credit Union in Wyomissing, PA offers a wide range of mortgage options to assist our members in buying a home, including FHA loans.

Originally known as the Bell Telephone Credit Union, Bellco FCU, a member-owned, not-for-profit federal credit union, opened its doors in 1938 and continues to offer unique financial products and services to individuals and small businesses in Berks County.

Like banks, we accept deposits, make loans, and provide a wide range of other financial services. Our goal is to add convenience to your life with products and services that are tailored to your needs.

Who Can Join Bellco FCU?

Bellco FCU membership is open to individuals who live, work, worship, or attend school in Berks County, PA, and their immediate family members. If you are not already a member, consider opening a primary Member Savings account. 

Deposit a minimum of $5 to establish and maintain your membership. This is not a fee; it is a share in the credit union and provides you with voting rights.

Once you become a member of Bellco FCU, your spouse, children, siblings, and parents will be eligible to join too and take advantage of competitive rates for mortgages, personal loans, credit cards, auto loans, and the many other services we offer. 

Even if you change jobs, retire, or move away, you can remain a Bellco FCU member for life. You will be able to access your accounts from anywhere by mail, phone, fax, online, and at thousands of ATMs across the nation.

Why Consider an FHA Loan?

The Federal Housing Administration (FHA) does not make home loans. The government agency insures home loans issued by FHA-approved lenders, like Bellco FCU, to minimize the lender’s risk and to offer more borrowing power to qualified applicants.

FHA home loans have less stringent requirements than conventional loans. They require a low down payment (typically 3.5%), can be either adjustable-rate or fixed-rate mortgages, are available for both purchases and refinances, and may be a great fit if you have less-than-perfect credit.

The FHA sets maximum loan limits for every state and county. The loan limit for purchasing a single-family home in Berks County, for example, is $275,665. The limit is higher for multi-unit homes.

FHA home loans are available for home purchases and refinances, including cash-out refinances. The loans are also assumable, meaning someone with an FHA loan can pass it on to you if the interest rate is favorable compared to current market rates.

When you are looking for affordable FHA loans in Wyomissing, PA, or any of our other excellent financial products and services, become a member today and experience the Bellco FCU difference!