If you are looking for competitive rates and terms on VA home loans in Shillington, PA, Bellco FCU is an excellent option. Our mission is to meet the needs of our members and the communities we serve and provide valuable benefits that can help you become financially empowered.
Bellco FCU, a member-owned, not-for-profit federal credit union, has provided unique financial products and services to individuals and small businesses in Berks County, PA since 1938.
Unlike for-profit banks that focus on earning profits for their shareholders, Bellco FCU returns its earnings to members in the form of low interest rates on loans, high-yield investment accounts, low- or no-fee checking and savings accounts, and the friendliest service.
About VA Home Loans
VA home loans are designed to help eligible veterans, reservists, active-duty service members, and some surviving spouses purchase a primary residence by offering excellent mortgage terms that most conventional and FHA mortgages cannot match.
Here are a few things service members should know about VA mortgages:
- VA home loans are not issued by the U.S. Department of Veterans Affairs. Instead, the VA guarantees a portion of each qualified mortgage loan to help service men and women secure great rates and terms and to give lenders like Bellco FCU confidence that the loan will be repaid.
- VA home loans are available for the purchase or refinance of primary residences that you will live in full-time, e.g., single-family homes, condos, townhouses, manufactured (modular) homes, and some multi-unit properties (up to a 4-plex), provided you occupy one of the units as your primary residence.
- VA mortgages cannot be used for investment or rental properties, bare land, second homes, vacation homes, or homes in a foreign country.
- Qualified borrowers can finance 100% of the home's value without making any down payment. There is also no prepayment penalty, which means you can make extra payments whenever you want and save a bundle in interest over the life of your loan.
- The VA mortgage program tries to accommodate as many military buyers as possible with a simple and accessible mortgage, so, even with a foreclosure or bankruptcy in your history, you may find it easier to qualify for a VA loan.
- VA home loans are reusable. If you later decide to sell your home and pay off your existing VA mortgage, you can apply for reinstatement of your home loan benefits and reuse them again and again.
Not Yet a Bellco FCU Member? Join today!
You are eligible to join Bellco FCU if:
- You live, work, worship, or go to school in Berks County, PA
- You are in the immediate family (spouse, parents, children, siblings, grandparents) of a Bellco FCU member, no matter where you live
By opening a primary savings account with as little as $5 and following a few simple steps, you can become a member. And, once you join Bellco FCU, you will be able to remain a member for life, regardless of where you live or work.
If you are looking for the best VA home loans in Shillington, PA, get in touch with a VA-approved lender like Bellco FCU to start your loan application.