Government Mortgages | BCCU

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Government mortgage programs like FHA, VA, and USDA can help you become a homeowner with their flexible credit requirements and low down payments.

Government subsidized home loans can be easier to qualify for and may require little or no money down.

The 3 main types of government subsidized home loans are FHA Loan, VA Loan, and the USDA Rural Loan Program.



Bellwether offers the following Government Mortgage products:

FHA Mortgages

FHA Government loans provide flexible credit guidelines and requirements while offering low down payments and is popular among first time homebuyers. 

The Federal Housing Administration, generally known as "FHA", provides mortgage insurance on loans made by FHA-approved lenders throughout the United States and its territories. FHA insures mortgages on single family and multifamily homes including manufactured homes and hospitals. It is the largest insurer of mortgages in the world, insuring over 47.5 million properties since its inception in 1934.

VA Mortgages

VA loans supply home financing with a no down payment option, no mortgage insurance requirement, and flexible credit guidelines. The VA Loan is a home-mortgage option available to United States Veterans, Service Members and not remarried spouses. VA Loans are guaranteed by the U.S. Department of Veterans Affairs (VA). If you’re a veteran looking for a mortgage give us a call to learn more about VA home financing options.

USDA Mortgages

Any individual or family who plans to occupy a home located in an eligible rural area as their primary residence may qualify for a USDA Rural Development home loan.

The USDA guarantees a mortgage issued by a participating local lender. They are similar to a FHA and VA-backed loans and allow you to get low mortgage rates, even without a down payment. If you put little or no money down, you will have to pay a mortgage insurance premium.

Equity Builder Program

Bellwether participates in Federal Home Loan Bank of Boston's Equity Builder Program, which assists eligible local homebuyers with down-payment and closing costs as well as homebuyer counseling and rehabilitation assistance. Borrowers are eligible to receive assistance on a first-come, first-served basis if they qualify. Contact us to learn more. 

Housing Our Workforce

Bellwether participates in Federal Home Loan Bank of Boston’s Housing Our Workforce (HOW) program. HOW provides assistance to eligible members to help local homebuyers earning more than 80% and up to 120% of the area median income with down payments on owner-occupied primary residences on a first-come, first-served basis. Contact us to learn more.


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