Mortgage Options Whether you're purchasing or refinancing, our multiple options can help make the process easy. Limited-time offer! First-time homebuyers, get $1,000 off closing costs! From now until February 28, 2026, get $1,000 off closing costs when you finance your first home with us.? Talk to a mortgage loan officer Filter: View All Construction Purchase Refinance Apply 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 Apply Now, 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 Apply now, 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 Apply Now, 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 Apply now, 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 Fixed Rate Mortgage Loan 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 (escrow amounts such as property taxes and insurance may change) 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 Term options available Private mortgage insurance (PMI) required for loan to value ratios greater than 80% Income and sales price limits apply