As you take steps toward the purchase of your first home, we are here to help answer any questions you might have, and to provide valuable information about programs available to you.

Renting vs. Owning

How Much Can You Afford?

Saving for a Down Payment

Escrow Basics

First-time Homebuyer’s Tax Credit
New legislation signed into law on Nov. 6, 2009, extends and expands the first-time homebuyer credit allowed by previous Acts. Under the new law, an eligible taxpayer must buy, or enter into a binding contract to buy, a principal residence on or before April 30, 2010 and close on the home by June 30, 2010. For more information visit the IRS web site.

Attend a free seminar for first-time buyers
Your credit union regularly offers seminars for first-time buyers. Get valuable information on the home buying process and talk with our Mortgage Consultants.

Get pre-approved
It’s easy to apply at Virginia Credit Union. When you find the house you’ve been looking for, you’ll want to make an offer quickly. Improve your negotiating power and be prepared by getting pre-approved for your loan at Virginia Credit Union before you start shopping.

Get money back when you buy
SMARTMOVE Real Estate Program - Personal home finder plus professional assistance and cash rebates when you buy or sell real estate.

Additional Resources and Information
BALANCE Financial Fitness Program - Pre-purchase education for members who want to buy their first home.