BECU · Credit union
BECU
Review published mortgage options and requirements, then request a personalized quote from the lender.
Availability: Mortgage loans are subject to membership, credit approval, and other underwriting criteria; not every applicant will qualify. Certain restrictions apply. Home loan programs, terms, and conditions are subject to change without notice.
At a glance
- Property use
- Primary residence
Still to confirm: Borrower type, Credit requirement, Reserves.
Our take: Pros & Cons
What we like
- Washington Home Advantage provides down-payment assistance for income-eligible U.S. citizens and lawfully present non-U.S. citizens; a pathway may be available without a traditional credit score.
- Fixed-rate, adjustable-rate, jumbo, FHA, VA and one-close construction programs are listed on BECU’s official site.
- Fixed-rate terms include 10, 12, 15, 20 and 30 years; primary and second-home financing is available.
What to consider
- Mortgage loans require BECU membership, credit approval and other underwriting criteria; not every applicant qualifies.
- Mortgage availability is limited to ten listed service states; construction is restricted to WA, ID and OR, and Home Advantage assistance is for Washington primary residences.
- The first-time-buyer checklist lists an SSN. Other programs’ SSN, ITIN, visa, foreign-credit and foreign-income requirements need confirmation; Home Advantage’s stated lawful-presence and alternative-score conditions apply only to that program.
AI-generated lender-level assessment based on published information. Not a verified assessment of FHA Home Loans; confirm program-specific conditions below.
Additional lender considerations
- Jumbo financing offers program-specific loan amounts and down-payment options for primary and second homes.
- One-close construction financing combines construction and permanent financing, with interest-only payments during construction.
- HomeReady offers low down-payment options for qualified borrowers, with income and education conditions.
- Eligible first-time buyers may receive a grant up to $8,000 toward down payment or closing costs, subject to income, property, actual-cost and funding limits.
- Down payment, loan size, mortgage insurance, reserves and documentation vary by program and occupancy.
- Advertised examples depend on published borrower assumptions and may change without notice; they are not guaranteed personal offers.
- No-origination-fee claims have program and transaction conditions; construction APR includes an origination fee and VA fee relief is geographically limited.
- Home Advantage assistance is a repayable second mortgage, with income, education, property and repayment conditions. Grants have separate eligibility, limited funds and possible tax consequences.
Newcomer requirements
FHA Home Loans
Fit not assessed · Check fit
Verified published requirements for this program. Rate-example assumptions are separate and do not establish eligibility or approval.
- Minimum down payment
- Low down payment — as little as 3.5%
- Income documentation
- You must demonstrate you have a steady income by providing pay stubs, W-2s, federal tax returns and bank statements.
- Property restrictions
- The home must also be appraised by an FHA-approved appraiser and must be your primary residence. You must also occupy the home within 60 days of closing.
- Occupancy
- Primary residence
View full lender requirements
- Minimum down payment
- Low down payment — as little as 3.5%
- Income documentation
- You must demonstrate you have a steady income by providing pay stubs, W-2s, federal tax returns and bank statements.
- Property restrictions
- The home must also be appraised by an FHA-approved appraiser and must be your primary residence. You must also occupy the home within 60 days of closing.
- Occupancy
- Primary residence
- Other conditions
- FHA home loan borrowers are required to pay a mortgage insurance premium (MIP) annually for the life of the FHA loan.
Questions to confirm with the lender (12)
These requirements have not been verified for this program:
- SSN
- ITIN
- U.S. credit history
- Foreign credit history
- No credit history
- Residency / visa
- Minimum credit score
- Employment documentation
- Foreign income
- Foreign assets
- Reserves
- State restrictions
Requirements last reviewed: Oct 25, 2026 · Official requirements source
Rates and costs
FHA Home Loans
Rates are available on request
No reviewed advertised rate example is linked to this program.
How to apply
FHA Home Loans
- You must demonstrate you have a steady income by providing pay stubs, W-2s, federal tax returns and bank statements.
- Confirm the program's identity, residency, credit and property requirements with the lender.
- Use the official application channel to request pricing for your actual scenario.
- Review the lender's written Loan Estimate, including costs and cash to close.
Published eligibility and availability do not guarantee approval. Confirm membership, relationship, property and occupancy conditions with the lender.
Sources and methodology
About this lender
BECU purchase, refinance and construction home loans include fixed-rate, ARM, jumbo, FHA and VA options. Washington Home Advantage has published lawful-presence and conditional alternative-score criteria. Membership, credit approval, property-location and program-specific requirements apply.
Legal lender: Boeing Employees Credit Union
Lending channel: Direct lending
Provider type: Credit union
Lending channels: Direct lending. Origination status: Not stated.
NMLS identifier: 490518
Published service states: WA,AZ,CA,ID,IL,KS,MO,OR,PA,SC
More lender directory information
Direct application information ↗
Mortgage loans are subject to membership, credit approval, and other underwriting criteria; not every applicant will qualify. Certain restrictions apply. Home loan programs, terms, and conditions are subject to change without notice.
Directory verified: 2026-10-25 UTC · Official directory source ↗
Official mortgage terms · Profile reviewed: Oct 25, 2026
- Official lender source · Last checked Oct 25, 2026
What do APR, points, LTV and reserves mean?
- APR
- An annualized borrowing-cost measure that includes interest and certain loan charges. Read it alongside the interest rate and fees.
- Discount points
- An upfront charge expressed as a percentage of the loan amount. Compare the quoted interest rate and the points together.
- LTV
- Loan-to-value: the loan amount relative to the property's value.
- Reserves
- Assets the lender may require you to retain after closing. Requirements differ by program.