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  • Mortgage Options

    Whether you're purchasing or refinancing, our multiple options can help make the process easy.
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Traditional Loans

  • Fixed Rate Mortgage Loan
    A good option if you plan to stay in your home for a while. The principal and interest portion of your payment stays the same for the term of the loan.
    • Loans up to 95% of your primary single-family home’s value are available for purchases and rate/term refinances, or up to 80% for a cash out refinance
    • Loans up to 97% of a home’s value are available for first-time home buyers
    • Financing options for second homes and investment properties
    • Private mortgage insurance (PMI) required for loan to value ratios greater than 80%
    • Income and sales price limits may apply
    See Details
    Apply Now, Talk to a mortgage loan officer
  • Adjustable Rate Mortgage
    ARMs are a good choice for a lower initial monthly payment or if rates are expected to go down in a few years.
    • Rate changes will affect your monthly payment
    • Primary residence and second-home financing available
    • Private mortgage insurance is required for loan to value ratios greater than 80%
    • Purchase loans, rate/term refinances and cash out refinances available
    See Details
    Apply Now, Talk to a mortgage loan officer
  • FHA Loan
    A good option for first-time homebuyer (or others) with down payment options as low as 3.5%. Purchase loans, rate/term refinances, and cash out refinances available.
    • Term options available
    • Monthly mortgage insurance premium is required on all FHA loans
    • Income and sales price limits apply
    • FHA Streamline Refinance available for existing FHA mortgage holders
    See Details
    Learn more, Talk to a mortgage loan officer
  • Veterans Administration (VA) Loan
    Mortgage or refinance for eligible veterans with no down payment or mortgage insurance required for a home purchase.
    • No down payment required for purchase loan
    • Read additional details from the Veterans Benefits Administration
    • Term options available
    • Cash out refinances available
    • No mortgage insurance required
    • Income and sales price limits apply
    See Details
    Learn more, Talk to a mortgage loan officer

Affordable Financing Options

  • HomeReady
    Low down payment option if you have a flexible source of funds, such as a Community second mortgage within certain limits, that can be used for down payment and closing costs.
    • Low down payment
    • Purchase loans and rate/term refinances available
    • Private mortgage insurance required
    • Income, sales price, and property restrictions apply
    See Details
    Apply Now, Talk to a mortgage loan officer
  • Virginia Housing Loans
    Virginia Housing offers a variety of loans to help first-time buyers purchase a home, including down payment assistance for qualified buyers.
    • Low down payment and no mortgage insurance options available
    • Down payment assistance may be available through Virginia Housing
    • Purchase loans and rate/term refinances available
    • Income and sales price limits apply
    See Details
    Apply Now, Talk to a mortgage loan officer
  • Grant Options
    VACU offers multiple grants that help make homeownership affordable and accessible for qualified buyers.
    • VACU First-Time Home Grant
    • Virginia Housing grants (First-time homebuyers)
    • FHLBank of Atlanta Grants (First-Time homebuyers, Community Heroes, and Workforce Housing Plus+ Program)

    Talk to a mortgage loan officer to see if you qualify.

    See Details
    Apply Now, Talk to a mortgage loan officer
  • USDA Rural Development Loan
    No down payment required for eligible borrowers purchasing in a rural community.
    • No down payment required
    • Income, sales price, and property eligibility restrictions apply
    See Details
    Apply now, Talk to a mortgage loan officer

Specialty Loans

  • Fixed-Rate No Closing Cost Mortgage
    No closing cost option available for purchasing a new home or refinancing.
    • No VACU or third-party provider fees 
    • Rate/term refinances available up to 95% of your home’s value
    • Cash out refinances available up to 80% of your home’s value
    • Term options available – Minimum loan amount is $100,000
    • Income and sales price limits apply
    See Details
    Apply now, Talk to a mortgage loan officer
  • Jumbo Mortgage
    Available for primary residence mortgages greater than conventional or government thresholds.
    • Multiple term options are available
    • Sales price limits may apply
    See Details
    Learn more, Talk to a mortgage loan officer
  • Construction Loans
    A good option if you are building a new home, whether you already own or are planning to purchase the land.
    • Construction-Only and Construction-to-Permanent options available
    • Loan covers the cost of constructing a home and can include the land purchase or pay off an existing land loan
    • Fixed-rate loan with 6, 9, or 12-month construction term options
    • Easy-to-use digital platform to help you manage your draws and overall construction project
    See Details
    Apply Now, Talk to a mortgage loan officer
  • Land Loan
    An adjustable-rate mortgage (ARM) for purchase or refinance of land or a lot.
    • Rate may adjust semi-annually, but not more than 1% semi-annually or 5% over the life of the loan
    • Sales price limits apply
    • For unimproved property
    See Details
    Learn more, Talk to a mortgage loan officer
  • Doctor Mortgage Loan
    Up to 100% financing for medical professionals, including doctors, dentists, and veterinarians.
    • Financing up to 100% of home value
    • No mortgage insurance required
    • Financing available up to $1,500,000
    • Refinances available
    See Details
    Apply now, Talk to a mortgage loan officer
  • VACU 100 Loan
    For qualified current or previous homeowners. Eligible buyers can qualify for up to 100% financing available on homes valued up to $647,200.
    • Only purchase loans available
    • Private mortgage insurance required
    • Income and sales price limits apply
    See Details
    Apply now, Talk to a mortgage loan officer
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    Virginia Credit Union is offering a $1,000 discount on closing costs on new mortgage loans for first-time homebuyers, subject to qualification and credit approval. This promotion is valid on new applications submitted between 9/01/2026 and 2/28/2027. The closing cost reduction will be limited to the lesser of $1,000 or lender closing costs and may not exceed maximum seller contribution limits set by program guidelines. Mortgage loan must close by 5/31/2027. This is not available for USDA or construction loan products. This offer can be used in conjunction with the Welcome Home Discount. It cannot be combined with any other promotion or discount and is subject to compliance with Virginia Credit Union's loan program guidelines. An individual is to be considered a first-time homebuyer who (1) is purchasing the security property; (2) will reside in the security property as a principal residence; and (3) had no ownership interest (sole or joint) in a residential property during the three-year period preceding the date of the purchase of the security property. In addition, an individual who is a displaced homemaker or single parent also will be considered a first-time homebuyer if he or she had no ownership interest in a principal residence (other than a joint ownership interest with a spouse) during the preceding three-year time period.