Emery Federal Credit Union

VA Loans

Refinance up to 100% of your homes value or Purchase a home with NO Money down.  Your VA Benefit can help!

• Are you a veteran, member of the military, or a surviving spouse of a veteran?
• Do you want fast approval and minimal hassle?
• Do you need to refinance up to 100% of your home, or purchase a home with No Down Payment?

These are all questions you want to ask yourself before considering a VA Loan.  Of course, if you have additional questions, just call a trusted Mortgage Consultant at Emery Federal.  That’s why we’re here!

VA Loan Features

30-, 20- & 15-year fixed-rate, 3-year & 5-year ARM loans available

• Jumbo VA loans available up to $1,094,625 ($1,500,000 in Alaska and Hawaii) and up to $325,000 cash-out on a refinance
• Refinance up to 100% of your primary home’s value
• Buy a home with no money down (primary home)
• No monthly PMI (Private Mortgage Insurance)
• VA loans are governed by the U.S. Department of Veterans Affairs

How VA Home Loans Work

• Fixed rate monthly payments are based on interest rate, principal loan amount and amortized interest over 15 or 30 years. Your payment will not change throughout the life of the loan
• ARM interest rates are fixed for a period of 5 years. After the fixed rate period, your interest rate can adjust up or down a maximum of 1% depending on the market.
• Your actual payment will vary based on your situation and the current interest rates when you apply
• Pay your mortgage at any time without pre-payment penalties

VA Streamline Loan

Currently have a VA loan and looking for a way to lower your monthly payment?  With the Veterans Streamline

• No Out-of-Pocket Costs
• Skip 2 Mortgage Payments
• Receive a refund of your current escrow balance
• Receive access to the lowest rates available
• No appraisal required
• Fast closings