VA Mortgage Rates Reading PA

The sacrifice of military service should and does come with various benefits. One of the most beneficial of these rewards for service is the availability of financing for housing. Since 1944, over 22 million veterans have benefited from a VA mortgage. For a VA mortgage, Bellco Federal Credit Union supplies active military, vets, and widows or widowers of veterans in the Reading, PA area with competitive rates, friendly service, and simple processes. Rates are typically lower, underwriting can be more flexible, and many secondary advantages come with the choice.

Qualifying Markers for VA Mortgage Applications

To receive a VA mortgage, a person must meet specific qualifications. Namely, he or she must be an active member of the armed services, a veteran of the armed forces, a widow or widower of a veteran who hasn’t remarried, or a member of the National Guard or Reserves for a minimum of six years. To see if you qualify for a VA Mortgage financial package, give us a call. We can easily secure your Certificate of Eligibility from the Department of Veterans Affairs in most cases.

How a VA Mortgage Is Different

Every VA mortgage has the backing of the US Department of Veterans Affairs, so the underwriting process is more flexible for veterans. With no down payment requirement and no requirement for mortgage insurance, the borrowing costs will be lower. You can finance up to 100% of the cost of the home. 

Consider these additional details:

  • No pre-payment fees

  • No restrictions on refinancing

  • Can be either fixed-rate or adjustable mortgage

  • Apply to purchase of a house, duplex, new construction, manufactured home, etc. although the dwelling should be the primary home of the borrower

  • Lower closing cost

  • Transferable to another qualifying veteran

As a veteran applying for a mortgage with Bellco Federal Credit Union, you can expect friendly service and assistance from financial specialists who have your specific situation in mind. You’ll have guidance from a knowledgeable source every step of the way from the initial call to the closing of your new home purchase. 

Take advantage of the benefit you’ve earned by sacrificing for your country. As a member of Bellco FCU, you can do so while also benefitting from personalized service, low rates, and limited fees. Originally known as the Bell Telephone Credit Union, we’ve offered financial services to the residents, workers, and worshippers of Berks County since 1938. In addition to VA mortgages, we also provide home loans, auto loans, personal loans, credit cards, checking and saving accounts, and many other services. 

Bellco FCU is a member-owned, not-for-profit credit union. We aim to provide a comprehensive solution for any item on your financial agenda. If you are a veteran in the Reading, PA area, become a member of Bellco FCU for a VA mortgage with competitive rates and straightforward qualifications.