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For many veterans, active-duty service members, and eligible military families, VA Home Loans are one of the most powerful tools for achieving homeownership. Yet, these benefits are often misunderstood or overlooked. At APGFCU®, we’re here to help you unlock the full potential of your VA Loan benefits.
Whether you're buying your first home or refinancing your current mortgage, understanding how VA Loans work can help you make smarter financial decisions and achieve long-term savings.
What Is a VA Home Loan?
A VA Loan is a mortgage backed by the U.S. Department of Veterans Affairs, designed to make homeownership more accessible for those who’ve served our country. Unlike conventional mortgages, VA Loans offer exclusive benefits that can save you thousands over the life of your loan.
Top VA Loan Benefits with APGFCU
At APGFCU, we’re proud to support our military community with VA Loan programs that include:
- No Down Payment Required: Qualified borrowers can finance 100% of the home’s value—no down payment needed.
- No Private Mortgage Insurance (PMI): Unlike conventional loans, VA Loans don’t require PMI, which can significantly reduce your monthly payment.
- Reduced Closing Costs: VA guidelines limit what you can be charged, helping keep upfront costs manageable.
Streamline VA Refinance (Interest Rate Reduction Refinance Loan): Refinance your current VA loan to a new VA loan—no appraisal, income, or asset verification required.
VA Loan Eligibility: Who Qualifies?
You may be eligible for a VA Loan if you are:
- An active-duty service member
- A veteran
- A reservist or National Guard member
- A surviving spouse of a veteran (under certain conditions)
The VA determines eligibility and requires a Certificate of Eligibility (COE), which APGFCU can help you obtain.
Common VA Loan Myths Debunked
Many eligible borrowers hesitate due to misconceptions. Let’s clear up a few:
Myth: VA Loans are only for first-time buyers.
Fact: You can use a VA Loan multiple times, even if you’ve owned a home before.
Myth: VA Loans take longer to process.
Fact: APGFCU’s experienced mortgage team ensures a smooth, efficient process.
Myth: You need perfect credit.
Fact: VA Loans are designed to be accessible, even with less-than-perfect credit.
Why Choose APGFCU for Your VA Loan?
As a credit union rooted in service and community, APGFCU understands the unique needs of military families. Our dedicated mortgage specialists are here to guide you every step of the way—from application to closing.
We offer:
- Personalized guidance
- Local expertise
- Transparent communication
- A commitment to your financial success
Ready to Get Started?
Explore your VA Loan options today and take the next step toward homeownership with confidence.