VA Loans
Tennessee Valley Federal Credit Union (TVFCU) is proud to offer our mortgage services to better serve veterans and active-duty military personnel through direct VA (Veterans Affairs) loans. This development shows our commitment to those who have selflessly served, as we continue to support our members path to homeownership.
"We are incredibly proud to offer VA loans as part of our commitment to those who have selflessly served our country," Eric Weekley, vice president of mortgage and consumer lending, stated. "Our goal is to make the dream of homeownership a reality for our veterans, and VA loans are an excellent way to achieve that. TVFCU has consistently strived to support the financial well-being of our members. Our expansion to include VA loans is a testament to our dedication to serving veterans and active-duty military personnel with all of their financing needs."
VA loans, backed by the U.S. Department of Veterans Affairs, are designed to provide eligible veterans, active-duty service members, and their families with affordable and accessible mortgage options. These loans often come with competitive interest rates, lower down payment requirements, and more flexible qualifying criteria, making it easier for veterans to purchase or refinance their homes.
1. Competitive Interest Rates: Our VA loans feature competitive interest rates to ensure veterans and their families can secure affordable financing for their homes.
2. Lower Down Payment: VA loans typically require little to no down payment, making it easier for eligible borrowers to become homeowners.
3. No Private Mortgage Insurance (PMI): VA loans do not require PMI, which can save veterans money on their monthly mortgage payments.
4. Easier Qualification: VA loans have more flexible qualification requirements, making it easier for veterans to secure financing.
5. Dedicated Support: Our team of experts is committed to providing exceptional member service and personalized guidance throughout the loan application and approval process.
For more insights on homeownership, VA loans, and financial resources, visit our blog!