Let's take some of the stress out of buying your first home. Now until March 31, 2023, we're giving first-time home buyers $1,000 towards closing costs! You find your dream home, and we'll take care of the financing. Choose from a wide variety of mortgage programs, including low down payment options.5 Save even more with our Welcome Home Discount, where the average member saves an additional $1,500 - $2,100.6 Get great rates and service from our team of experienced local home loan experts. 5 Mortgage application required. Certain restrictions, limits and other conditions apply. 6 While Virginia Credit Union members are free to select their own real estate brokerage and title insurance company in connection with their mortgage transaction, we offer our members a voluntary program that includes a discount at settlement equal to 0.60% of the loan amount up to a maximum of $12,000, not to exceed the lender closing costs. The average discount of $1,500 - $2,100 is based on loan amounts of $250,000 - $350,000. Specifically to qualify for the discount, they must be a Virginia Credit Union member and close their mortgage through Virginia Credit Union, use Virginia Statewide Title Services for title insurance, and use an agent from Joyner Fine Properties, LLC as their buyer’s agent. Discount void where prohibited. Certain restrictions apply. Not available in all areas. Let's find the right home loan for you. Our local mortgage experts can recommend the best mortgage to make the most of your money. Apply now Talk to a mortgage loan officer Mortgage Resources See More Resources Saving for a Down Payment Saving enough money for the down payment and closing costs may be one of the hardest parts of getting ready to buy a home, especially if you're a first-time home buyer. It could take a few years. Renting vs. Owning If you decide to make upgrades to your existing home, you’ll be able to enjoy the updates yourself and perhaps recoup some of your expenses if you decide to sell in the future. What Are Closing Costs? Closing costs are expenses, over and above the price of the property that buyers and sellers incur when they transfer ownership of a property. Closing costs vary depending on price, location, and other factors.