Limited time offer! $500 off closing costs Whether you’re looking to purchase or refinance, we got you! In addition to our low-rate mortgages with fewer fees, for a limited time, we’re offering $500 off closing costs. 1 1 Virginia Credit Union is offering a $500 discount on closing costs on new mortgage loans subject to qualification and credit approval. This promotion is valid on new applications submitted between 02/01/20 and 09/30/2020. The closing cost reduction will be limited to the lesser of $500 or lender closing costs and may not exceed maximum seller contribution limits set by program guidelines. Mortgage loan must close by 12/31/2020. This is not available for VHDA, Housing Finance Agency/Bond, or Rural Development products. This offer can be used in conjunction with the VACU Realty, Virginia Select, and Joyner Fine Properties rebate. It cannot be combined with any other promotion or discount and is subject to compliance with Virginia Credit Union's loan program guidelines. Get started Mortgage Options Buying a Home It’s a big deal, and we have the expertise and resources to make this process smooth and easy for you. Home Purchase Refinancing a Loan If rates change, you get a raise or your home to-do list needs to be tackled – a “refi” of a current loan can help. Home Refinancing Home Equity Options Put the money you’ve put into your home to work for you. Home Equity Options First-Time Homebuyers Don’t get overwhelmed. We have special options for you – plus articles, videos and more to guide you at every step. First-Time Buyers Our Mortgages Conventional Mortgages These traditional loans have either a fixed-rate or a lower initial monthly payment. Purchase Refinance Fixed Rate Mortgage Loan Good option if you plan to stay in your home for a while Rates as low as 2.976%2 2 The loan product and rate examples seen here are current as of 4/6/2020 10:23:31. These rates are for illustrative purposes only. Other product and rate options are available. Your actual rate and APR are dependent upon your application and may vary based on factors such as your credit score, loan purpose, occupancy, property type, loan amount, and the value of your home. Interest rate and APR are updated daily and subject to change without prior notice. Please note that an origination fee may be included in the APR. Adjustable Rate Mortgage Loan (ARM) Offers a lower initial monthly payment Rates as low as 3.715%3 3 The loan product and rate examples seen here are current as of 4/6/2020 10:23:31. These rates are for illustrative purposes only. Other product and rate options are available. Your actual rate and APR are dependent upon your application and may vary based on factors such as your credit score, loan purpose, occupancy, property type, loan amount, and the value of your home. Interest rate and APR are updated daily and subject to change without prior notice. Please note that an origination fee may be included in the APR. No Closing Cost Take advantage of new rates or use your loan to help pay for other things, such as home improvements.4 4 View our Limitations of Offer. Purchase Refinance Fixed Rate Refinance Loan Just as billed – refinance your loan with no closing costs Rates as low as 3.285%5 5 The loan product and rate examples seen here are current as of 4/6/2020 10:23:31. These rates are for illustrative purposes only. Other product and rate options are available. Your actual rate and APR are dependent upon your application and may vary based on factors such as your credit score, loan purpose, occupancy, property type, loan amount, and the value of your home. Interest rate and APR are updated daily and subject to change without prior notice. Please note that an origination fee may be included in the APR. Government Loans Discounts and special rates are available for these government loans – if you meet certain requirements, such as first-time homebuyers. Purchase Refinance Federal Housing Authority (FHA) Loan First-time homebuyers and others can buy with a down payment as low as 3.5% Rates as low as 4.550%6 6 The loan product and rate examples seen here are current as of 4/6/2020 10:23:31. These rates are for illustrative purposes only. Other product and rate options are available. Your actual rate and APR are dependent upon your application and may vary based on factors such as your credit score, loan purpose, occupancy, property type, loan amount, and the value of your home. Interest rate and APR are updated daily and subject to change without prior notice. Please note that an origination fee may be included in the APR. U.S. Department of Agriculture (USDA) Rural Development Loan Perfect if you’re buying farmland or in a rural community Rates as low as 3.693%7 7 The loan product and rate examples seen here are current as of 4/6/2020 10:23:31. These rates are for illustrative purposes only. Other product and rate options are available. Your actual rate and APR are dependent upon your application and may vary based on factors such as your credit score, loan purpose, occupancy, property type, loan amount, and the value of your home. Interest rate and APR are updated daily and subject to change without prior notice. Please note that an origination fee may be included in the APR. Veterans Administration (VA) Loan No down payment required for eligible service veterans Rates as low as 3.248%8 8 The loan product and rate examples seen here are current as of 4/6/2020 10:23:31. These rates are for illustrative purposes only. Other product and rate options are available. Your actual rate and APR are dependent upon your application and may vary based on factors such as your credit score, loan purpose, occupancy, property type, loan amount, and the value of your home. Interest rate and APR are updated daily and subject to change without prior notice. Please note that an origination fee may be included in the APR. Specialty Loans Explore different loans that are offered for specific homebuyers or land type. Purchase Refinance Jumbo Mortgage Loan Fund a mortgage balance that tops conventional or government thresholds Land Loan (for unimproved property) ARM designed for purchasing or refinancing land or a lot Doctors Mortgage Loan Up to 100% financing for new doctors, dentists and veterinarians VACU 100 Loan Up to 100% financing for current or previous homeowners HomeReady Loan (Federal National Mortgage Association) Flexible funding for low down payment and closing costs Virginia Housing Development Authority (VHDA) FHA Plus Loan First-time homebuyers can get a second mortgage to help fund down payment and closing costs Rates as low as 5.066%9 9 The loan product and rate examples seen here are current as of 4/6/2020 10:23:31. These rates are for illustrative purposes only. Other product and rate options are available. Your actual rate and APR are dependent upon your application and may vary based on factors such as your credit score, loan purpose, occupancy, property type, loan amount, and the value of your home. Interest rate and APR are updated daily and subject to change without prior notice. Please note that an origination fee may be included in the APR. Virginia Housing Development Authority (VHDA) with FNMA – No MI Low down payment with no mortgage insurance required Rates as low as 4.314%10 10 The loan product and rate examples seen here are current as of 4/6/2020 10:23:31. These rates are for illustrative purposes only. Other product and rate options are available. Your actual rate and APR are dependent upon your application and may vary based on factors such as your credit score, loan purpose, occupancy, property type, loan amount, and the value of your home. Interest rate and APR are updated daily and subject to change without prior notice. Please note that an origination fee may be included in the APR. Hobby Farm Conventional Loan Fixed rate mortgage designed for hobby farmers Renovation Loan Funding for homes needing renovations, repairs or upgrades Let us help you find the right mortgage. Homes come in many shapes and sizes: condos, townhouses, single-family. And so do mortgages. Don’t stress: Our local mortgage experts can recommend the best mortgage to make the most of your money. Get started Mortgages Resources See More Resources Mortgage FAQs Frequently asked questions about mortgages. A Guide to Home Buying Our Guide to Home Buying video series will walk you through the basics of the home buying process. The more you know and plan, the better off you’ll be throughout the process. Mortgage Loan Officers The VACU Mortgage Loan Officers.
Limited time offer! $500 off closing costs Whether you’re looking to purchase or refinance, we got you! In addition to our low-rate mortgages with fewer fees, for a limited time, we’re offering $500 off closing costs. 1 1 Virginia Credit Union is offering a $500 discount on closing costs on new mortgage loans subject to qualification and credit approval. This promotion is valid on new applications submitted between 02/01/20 and 09/30/2020. The closing cost reduction will be limited to the lesser of $500 or lender closing costs and may not exceed maximum seller contribution limits set by program guidelines. Mortgage loan must close by 12/31/2020. This is not available for VHDA, Housing Finance Agency/Bond, or Rural Development products. This offer can be used in conjunction with the VACU Realty, Virginia Select, and Joyner Fine Properties rebate. It cannot be combined with any other promotion or discount and is subject to compliance with Virginia Credit Union's loan program guidelines. Get started
A Guide to Home Buying Our Guide to Home Buying video series will walk you through the basics of the home buying process. The more you know and plan, the better off you’ll be throughout the process.