VA Home Loans
Unlock the Door to Your Dream Home
At Sound Credit Union we understand the sacrifices made by our nation’s veterans and their families. We’re committed to helping our esteemed veterans achieve homeownership through a VA Home Loan.
Key Features & Benefits
No Down Payment
One of the most attractive features of a VA Home Loan is the ability to purchase a home without any down payment, making homeownership more accessible and affordable for those who have served our country.
Competitive Interest Rates
Our VA home loans come with competitive interest rates, ensuring that you get the best possible deal on your mortgage.
No Private Mortgage Insurance (PMI)
Unlike conventional loans, VA home loans don’t require private mortgage insurance, helping you save money every month.
Easier Qualification
VA Home Loans often have more flexible and lenient qualification requirements compared to conventional loans.
Eligibility Criteria
Your length of service or service commitment, duty status and character of service determine your eligibility for specific home loan benefits and loan types, including:
- Purchase Loans and Cash-Out Refinance
- Interest Rate Reduction Refinance Loan (IRRRL)
- Native American Direct Loan (NADL) Program
- Adapted Housing Grants
How Sound Credit Union Can Help
Our experienced team of Mortgage Loan Officers are dedicated to guiding your through the entire loan process, from initial application to final approval.
We provide personalized assistance and expert advice to ensure that your understand all the details and requirements associated with a VA Home Loan.
What are VA Home Loans?
Designed to make home buying easier for veterans, active-duty service members, and eligible surviving spouses, our VA home loan program offers unparalleled benefits and flexibility, allowing you to enjoy a smooth and affordable path to owning your own home.
A VA Home Loan is a mortgage option backed by the U.S. Department of Veterans Affairs, designed to help eligible veterans, active-duty service members, and some surviving spouses buy, build, or refinance a home. The program offers favorable terms such as no down payment, no private mortgage insurance (PMI), and competitive interest rates.
You may qualify for a VA Home Loan if you are:
- An active-duty service member, veteran, or National Guard/Reserve member who meets minimum service requirements, or
- A surviving spouse of a veteran who died in service or as a result of a service-related disability.
To confirm your eligibility, you’ll need a Certificate of Eligibility (COE), which Sound can likely help you obtain.
VA Home Loans offer several advantages, including:
- No down payment (in most cases)
- No PMI, which lowers your monthly payment
- Competitive interest rates
- Flexible credit guidelines compared to conventional loans
- Limits on closing costs, helping keep upfront expenses manageable
Take the Next Step
Disclosures
NMLS# 691150 · Equal Housing Opportunity
All loans require Sound membership and are subject to credit approval. Verification of income may be required. Must be 18 years of age to qualify for loan. APR is Annual Percentage Rate. Rate and offer subject to change at any time.
1FHA: Premium Mortgage Insurance (PMI) required for life of loan. VA: available to active duty military or qualifying veterans only.