fa-angle-leftHome Loans at Virginia Credit Union First-Time HomebuyersYou’re ready to buy your first home, but where do you start? We know first-time buyers. We’ll walk you through every step of the process and help you find the right home loan for you. Apply now Talk to a mortgage loan officer Limited-time offer$1,000off closing costs when you finance with us!?Welcome Home Discount$1,500average savings with our Welcome Home Discount.?Up to$575in down payment assistance with VACU First-Time Home Grant.? 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 like our VACU First-Time Home Grant 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 as6.636%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 as6.362%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 as7.004%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!? 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! 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. Watch: 9 Questions First-Time Homebuyers Ask When it comes to buying your first home, you have questions, and we have answers. Mortgage Rate Lock Explained What is a Rate Lock, and how does it come into play when buying a house? We're breaking down the advantages of locking in your interest rate and VACU's Lock & Shop program. Helpful Articles ArticleHow to Save for a Down Payment 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.
Watch: 9 Questions First-Time Homebuyers Ask When it comes to buying your first home, you have questions, and we have answers.
Mortgage Rate Lock Explained What is a Rate Lock, and how does it come into play when buying a house? We're breaking down the advantages of locking in your interest rate and VACU's Lock & Shop program.