VA Home Loans Fleetwood, PA

Are you an active member of the U.S. military, a reservist or a veteran who is focusing on buying a home in Fleetwood, PA? Consider taking of VA home loans from Bellco FCU. These flexible, no-down-payment loans have enabled more than 22 million veterans and active military families to purchase a home since 1944.

Bellco Federal Credit Union (FCU) is a member-owned, not-for-profit federal credit union. Since 1938, when we were known as the Bell Telephone Credit Union, we have provided unique financial products and services to individuals and small businesses in Berks County. As one of the best mortgage lenders in Berks County, PA, we are committed to helping you and your family build a secure financial future.

Not Yet a Bellco FCU Member?

Bellco FCU offers membership 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.

About VA Home Mortgages

VA home mortgages are backed by the U.S. Department of Veterans Affairs and 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.

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

The first step is to establish your eligibility with the VA for a home loan. The Certificate of Eligibility can be obtained by applying online, through the mail, or through a VA-approved mortgage lender such as Bellco FCU. 

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.

There is no monthly private mortgage insurance (usually a requirement with other programs when you put less than 20% down).  There is, however, a VA Funding Fee (about 2% of the loan amount) on both purchase and refinance loans. This fee can be rolled into the loan amount and is waived completely for veterans with service-connected disabilities.

VA home loans are also reusable. If you later decide to sell your home and pay off your existing VA loan, you can apply for reinstatement of your home loan benefits and reuse them again and again.

Find out more about VA home loans in Fleetwood, PA, from Bellco FCU. Our locally-knowledgeable loan advisors will help you establish an affordable home mortgage that meets your needs.