VA Loans

You’ve served your country. We’ll serve you. We offer a mortgage specifically designed for veterans’ needs.

two american flags on the front porches of homes

We want to help veterans get great homes.

If you’re a veteran, you may be eligible for a mortgage loan with Sun Central Credit Union guaranteed by the Department of Veterans Affairs (VA). This special program for veterans makes it easier to finance the purchase of a new home. The VA guarantees repayment of loans made to qualifying veterans, often with no down payment.

Perfect for you if:

You have served our country in the armed forces.
You’re looking for a home you can afford.
You need a mortgage with low or no down payment.

Loan Features

Provides financing for qualified veterans, reservists, active duty personnel, or eligible family members.
Low- and no-down payment options.
Allows closing costs to come from a gift or grant.

Loan Benefits

Provides a wide range of rate, term, and cost options.
Doesn’t require monthly mortgage insurance.
Provides the potential for minimal out-of-pocket expenses with seller contributions.

Considerations

You typically have to pay a one-time VA funding fee that can be financed into the loan amount.
You can get financing for your primary residence only.

Terms

Home seller can pay closing costs equal to 4% of your loan amount, including your VA funding fee.
May be assumed by a qualified purchaser if home is resold.
Available for purchases of primary residences only; however, investment properties are permitted on Interest Rate Reduction Refinancing Loans (IRRRLs).
No penalty for prepaying your loan.
In some cases up to 100% of the home’s value can be refinanced subject to VA guidelines.