VA Loans
We're proud to serve those who protect us all
Serving in the military often means frequent moves to various assignments. When it's time to put down some roots, Credit Union ONE can help active duty personnel and veterans take advantage of a loan program that features low interest rates and other financial benefits.
- VA Loans are for owner-occupied residences only
- Active duty personnel, veterans, reservists, and some spouses are eligible
- Flexible credit guidelines
- Receive personalized service from an experienced Mortgage Consultant
Run the numbers on a VA mortgage loan.
VA Loans FAQs
VA loans are guaranteed by both the U.S. Department of Veteran Affairs and mortgage lenders like Credit Union ONE who lend to eligible veterans and their families. These loans often have lower closing costs and fewer requirements. Homebuyers who are eligible for this loan type must receive a certificate of eligibility from the Department of Veterans Affairs for this loan.
Veterans, active military personnel, and surviving spouses who are eligible for VA benefits can apply for this loan.
A Va loans allows you to put down little to no down payment. Often, a VA Loan will finance the entire cost of your new home, so you can move in right away
It is possible to buy a home worth over $500,000 with a VA loan. Prices differ in other states. See how much you could be pre-approved for with our Mortgage Lenders today!
Private mortgage insurance (PMI) is a form of mortgage insurance that may be required with certain types of loans. If you default on your loan, PMI protects your lender. In the case of a VA Loan, PMI is not required. PMI will not be required whether you put down a large down payment or not.
Credit Union ONE is a full-service financial institution with locations in Southeast Michigan, Davison, MI, Traverse City, MI, and Grand Rapids, MI.
Take your next step toward a VA Loan.
The calculator tools are not guarantees of credit. Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes.