VA home loans are designed to help eligible veterans, reservists and active-duty service members in Wyomissing and Berks County, PA (as well as some surviving spouses) purchase a primary residence with excellent loan terms that most conventional and FHA mortgages cannot match.
Bellco FCU is a member-owned, not-for-profit federal credit union. Originally known as the Bell Telephone Credit Union, Bellco opened its doors in 1938 and continues to offer unique financial products and services to individuals and small businesses in Berks County.
Like banks, we accept deposits, make loans and provide a wide variety of other financial services. But as a member-owned and cooperative institution, we provide a safe place to save and borrow at reasonable rates with exceptional customer service.
VA Mortgage Features
The VA offers very flexible credit options, and buyers with less-than-perfect credit and limited funds available for down-payment can still become homeowners. The features include:
- Up to 100% financing of the property value
- No monthly private mortgage insurance premiums
- No prepayment penalty
- The seller may contribute up to 4% of the purchase price
VA mortgages are available for the purchase or refinancing 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. They cannot be used for investment or rental properties, bare land, second homes, vacation homes, or homes in a foreign country.
You must have satisfactory credit, sufficient income, and a valid Certificate of Eligibility (COE) to be eligible for a VA-guaranteed home loan. The COE can be obtained by applying online, through the mail, or through a VA-approved mortgage lender like Bellco FCU.
Who Can Join Bellco FCU?
Bellco FCU membership is available to people who live, work, worship, or attend school in Berks County, PA, including their immediate family members, such as a spouse, children, siblings and parents.
By opening a primary Member Savings account with as little as $5 and following a few simple steps, you can become a member. Once you join, you may remain a member forever, even if you change jobs, retire, or move away from the Berks County area.
Bellco FCU makes sure that members get home loans that are right for their budgets and lifestyles. When you’re ready to finance your property in Shillington, PA, contact us today to learn more!
Other Affordable Mortgage Options
Bellco FCU offers a variety of other home loans on primary residences, vacation homes, or investment properties, such as:
- 30-Year Fixed-Rate Mortgages
- 15-Year Fixed-Rate Mortgages
- Adjustable Rate Mortgages
- FHA Home Loans
- USDA Rural Housing Loans
- Jumbo Loans
- Construction Loans
- Home Equity Loans
- Home Equity Lines of Credit
- First-Time Homebuyer Specials
If you think VA home loans will meet your needs in Wyomissing, PA, contact Bellco FCU to learn more about your options.