What is a VA Loan?
Available exclusively to veterans and their families in New York, VA loans offer an affordable path to homeownership with minimal down payment requirements. As one of the leading VA mortgage lenders in New York, Northern Credit Union is dedicated to supporting our military community by simplifying the home-buying process and providing personalized guidance every step of the way.
Benefits of a VA Loan:
- Funding for Active Duty Service Members, Veterans, and National Guard and Reserve Members:
- We proudly support New York’s military families by offering VA loans that make homeownership achievable for active duty service members, veterans, and National Guard and Reserve members.
- The Ability to Consolidate More Debt at a Low Rate:
- NCU’s VA loans let you combine all your high-interest debt into one easy loan with a lower rate, helping families across New York cut down their monthly payments and get back on track financially.
- NO Monthly Mortgage Insurance Requirement:
- NCU’s VA loans don’t require monthly mortgage insurance, so you have the option to save more each month, making home ownership in New York more affordable and within reach.
- The Option to Borrow 100% of Your Home’s Purchase Price OR 100% of Its Value When You Refinance:
- NCU allows you to borrow up to 100% of your home’s purchase price or value when refinancing, giving New homeowners the chance to achieve financial flexibility without needing a large down payment.
- The Option for the Seller to Pay 6% of Loan Amount Towards Prepaid Interest/Escrow and Funding Fee:
- NCU’s VA loans enable sellers to contribute up to 6% of the loan amount towards your prepaid interest, escrow, and funding fee, significantly lowering the upfront costs of buying a home in New York and helping you move into your new home sooner.
- Financing Options for Those with Low Credit Scores:
- NCU believes in second chances, offering VA loan options for New Yorkers with low credit scores to help overcome financial hurdles and achieve the dream of homeownership.
To get started simply:
1.) Connect with Our Experts: Interested in a VA mortgage in New York? Start by connecting with one of our experienced lending professionals.
2.) Become a Member: Take advantage of our great benefits by becoming a member of Northern Credit Union. Joining is easy—join now!
3.) Apply Online: Ready to apply? You can fill out your application online anytime, right from the comfort of your home.
4.) Contact Us: If you have any questions or need further assistance, call us at 315-777-8910 or Text “HOME” to 315-782-0155
Credit union membership is required.