VA HOME LOAN
The Perfect Mortgage For Eligible Veterans and Military Families
VA loans are a special type of home mortgage reserved for active military members and veterans. These home loans are guaranteed by the U.S. Department of Veterans Affairs. There are many benefits of VA loans such as:
- No down payment requirement1
- Up to 100% financing of the property value
- No private mortgage insurance (PMI)
- Limited closing costs
- Seller contributions of up to 4% of purchase price
- Seller-paid closing costs options
- One-time funding fee (waived for disabled veterans)
- No pre-payment penalty
- Minimal property requirements
Flexible lending requirements with FHA loans
Don't have the cash for a large down payment? With a FHA 30 Year Fixed loan you can buy a home with a down payment as low as 3.5%. This loan also has more lenient credit score and income requirements than other mortgages.
Make owning a home a reality with a USDA Loan
USDA loans are offered by the U.S. Department of Agriculture as part of its Rural Development Guaranteed Housing Loan program. USDA home loans are available to rural and suburban home buyers who meet certain eligibility requirements and feature 100% financing and below-market mortgage rates.
- No Down Payment Required
- Affordable Interest Rates
- Low Monthly Payments
(Both geographical & income qualifications required
Start your application online!
It’s easy to apply with our online application. If you have questions or would like to schedule an appointment please email Mortgages@crcu.org or call 281.420.3746.
Our loans typically close in 25 to 45 days.
Your annual percentage rate will be dependent upon total loan amount, term chosen, and individual financial circumstances. Rates based on an evaluation of each member’s credit history, loan-to-value (LTV), loan amount, loan purpose, and other factors; so your rate and terms may differ. All loans are subject to credit approval. Under certain circumstances an escrow account for taxes and insurance may be required. Does not include taxes and insurance. Some restrictions may apply. Offer subject to change or cancellation without notice. CRCU membership required. Individual loan circumstances vary and actual funding may exceed stated timeframe.
1 VA loans require an upfront, one-time payment called a VA funding fee, collected at closing, and is non-refundable. The fee is determined by the loan amount, your service history and other factors. A down payment on your VA loan may be required in certain circumstances and maximum loan limits vary by county.