We make it easy for first-time buyers Our local mortgage experts know first-time buyers and are here to help you find your first home. With competitive rates and flexible terms, we have everything you need all under one roof. Discover low down payment options for first-time buyers, like FHA loans. Get fast and free pre-qualifications, letting sellers and real estate agents know you’re serious about buying. Grants may be available to help cover down payments, closing costs, and more for qualified buyers. Lock in your interest rate for up to 360 days, and shop with less pressure. FHA LoanRates as low as6.812%APR See all rates Good option for first-time buyers with a down payment as low as 3.5%. Apply now Talk to a mortgage loan officer Conventional Fixed Rate MortgageRates as low as5.71%APR See all rates Good option if you want a consistent payment for the life of the loan. Apply now Talk to a mortgage loan officer Conventional Adjustable Rate Mortgage (ARM)Rates as low as6.387%APR See all rates Good option to get a competitive rate for up to 10 years. Apply now Talk to a mortgage loan officer Buy your first home in 4 simple steps Step 1 Get pre-qualified.First things first, you should talk to a mortgage loan officer about your goals, timelines, finances, and different mortgage options.From there, our mortgage loan officers can help you get pre-qualified to show sellers and REALTORS® that you’re ready to buy. Plus, by obtaining your pre-qualification, you’ll be able to see what you can realistically afford. Your pre-qualification is valid for 90 days. Apply now Step 2 Start shopping, find the right home, and apply!If you haven’t already, contact a REALTOR® to help you find your right home. Consider a REALTOR® from Joyner Fine Properties to unlock potential savings at closing with our Welcome Home Discount. Shop with less pressure with our Lock & Shop program and lock in your interest rate for up to 360 days. Once you find the right home, make an offer! Once your offer has been accepted, you’ll need to complete the required inspections and appraisal, something your REALTOR® will help set up. Step 3 Final touches.Together with your REALTOR® and mortgage team, you’ll put the final touches on your mortgage. Consider locking in your rate at this point, protecting yourself from rising interest rates. Next, you’ll sign disclosures, which will give you a ballpark estimate of your closing costs. You’ll also need to obtain homeowner’s insurance. Consider Virginia CU Insurance Services.While the loan processor is putting the final touches on your documents, they might reach out with questions or requests for additional documentation. Step 4 Get your keys!Once final approval for your home loan is issued, your loan will be prepared for closing by our team. Together with your REALTOR®, you’ll do a final inspection and walkthrough. Before getting the keys, you’ll work with a closing attorney to sign and finalize the closing documents and provide funds for closing. Virginia Statewide Title Services can help you find a closing attorney and title insurance, if needed. Welcome Home DiscountGo all in with us for an average discount of $1,500-$2,100 at closing with our Welcome Home Discount!1 If you get your home loan with us, use a REALTOR® from Joyner Fine Properties as your buyer's agent, and use Virginia Statewide Title Services for your title insurance, you could qualify!1 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. Learn more Mortgage Loan OfficersWhether you’re looking to buy or refinance, we have a team of local mortgage loan officers ready to help. Learn more Mortgage ResourcesSee More Resources Mortgage FAQs What does pre-qualified mean? What do closing costs include? Get answers from our experts. A Guide to Home Buying In this helpful video series, we'll walk you through the basics of buying a home. Helpful Articles ArticleHow to Save for a Down Payment HomeShould I rent or buy? ArticleAre You Ready to Buy a Home? View more Refinance your mortgage.Consider refinancing your current mortgage to get more for your money. Apply now Talk to a mortgage loan officer
Mortgage FAQs What does pre-qualified mean? What do closing costs include? Get answers from our experts.
A Guide to Home Buying In this helpful video series, we'll walk you through the basics of buying a home.
Helpful Articles ArticleHow to Save for a Down Payment HomeShould I rent or buy? ArticleAre You Ready to Buy a Home? View more