Get the Best VFCU Mortgage Rates for Your Needs

If you're in the market for a mortgage, you're likely looking for the best rates available. VFCU offers competitive rates that can save you thousands of dollars over the life of your loan.

To get the best VFCU mortgage rates for your needs, consider your credit score. A good credit score can help you qualify for lower rates, with VFCU offering rates as low as 3.75% for borrowers with excellent credit.

Your loan term can also impact your rate. VFCU offers 15 and 30-year mortgage options, with shorter terms typically resulting in lower rates.

Ultimately, the best VFCU mortgage rate for you will depend on your individual financial situation and goals.

For another approach, see: Best Credit Union Mortgage Rates

You can buy a home now and potentially lower your rate later without refinancing. Our easy, no-refi rate drop allows you to take advantage of lower rates if they drop after 6 months, for a one-time $250 fee.

Explore further: Lower Mortgage Interest Rates

If you've been waiting for mortgage rates to drop, this option can be a game-changer. You can secure a home loan now and avoid the hassle of refinancing later.

With our no-refi rate drop, you can lock in a rate now and adjust it later if rates fall, saving you time and money.

Virginia Credit Union offers some of the best mortgage rates around. They have a variety of mortgage programs to meet your needs.

You can get a great deal with their competitive rates, but it's essential to explore your options carefully. Their mortgage rates are indeed among the best.

Consider working with a financial advisor to determine which mortgage program is right for you. This will help you make an informed decision and avoid costly mistakes.

Virginia Credit Union's mortgage rates are a major advantage for homebuyers. They're definitely worth considering when shopping for a mortgage.

Check this out: Current Mortgage Rates West Virginia

A No Cost Refinance can be a great option for homeowners looking to refinance their mortgage without paying closing costs. This type of refinance allows you to roll the costs of refinancing into the loan amount, eliminating the need for out-of-pocket expenses.

The rates for a No Closing Cost Refinance Fixed Rate mortgage can vary depending on the term. For example, a 30 Year No Closing Cost Refinance Fixed Rate has a rate of 7.750% with an APR of 7.830% and 0.453 points.

One of the benefits of a No Cost Refinance is that it can help you save money on closing costs. However, this is often offset by a higher interest rate or points. For instance, a 30 Year No Closing Cost Refinance Fixed Rate with a rate of 8.375% has an APR of 8.375% and -0.384 points.

Here are some specific options for No Closing Cost Refinance Fixed Rate mortgages:

It's worth noting that No Cost Refinance options are not always available, and the rates and terms may vary depending on your individual situation.

You can buy a home now and potentially lower your rate later without refinancing. With this option, you can take advantage of current rates and lock in a mortgage, then enjoy the possibility of a rate drop without the hassle of refinancing.

If mortgage rates do drop after 6 months, you can lower your rate for a one-time $250 fee. This can be a huge plus for homeowners who want to stay ahead of the market.

You don't have to wait for rates to drop to buy a home, and this option can give you peace of mind knowing you can adjust your rate later if needed.

See what others are reading: Mortgage Refinancing Activity Rises as Rates Drop.

There are various mortgage types available, each with its own set of benefits and drawbacks.

Conventional mortgages are the most common type, and they can be either fixed-rate or adjustable-rate.

Fixed-rate conventional mortgages have interest rates that stay the same for the entire loan term, typically 15 or 30 years.

Adjustable-rate mortgages, on the other hand, have interest rates that can change over time, often based on market conditions.

Some mortgage types are specifically designed for first-time homebuyers, like FHA loans, which offer more lenient credit score requirements and lower down payments.

Additional reading: 10 Year Adjustable Rate Mortgage Rates

Fixed Rate Mortgages are a popular choice for homebuyers and refinancers alike. They offer a predictable monthly payment and a fixed interest rate that won't change over the life of the loan.

One key benefit of Fixed Rate Mortgages is that they provide a stable and consistent monthly payment. For example, a 15-year Fixed Rate Mortgage has a monthly payment of $1701.25, while a 20-year Fixed Rate Mortgage has a monthly payment of $1461.86.

The interest rate on a Fixed Rate Mortgage can vary depending on the term of the loan. For instance, a 30-year Fixed Rate Mortgage has an interest rate of 6.750%, while a 30-year Fixed Rate Mortgage with a higher interest rate of 6.875% has a monthly payment of $1433.41.

Here are some examples of Fixed Rate Mortgages:

It's worth noting that the APR (Annual Percentage Rate) on a Fixed Rate Mortgage can be higher than the interest rate. For example, a 30-year Fixed Rate Mortgage with an interest rate of 6.125% has an APR of 6.313%.

Adjustable Rate Mortgages are a type of mortgage that can save you money on interest payments in the short-term, but may increase your monthly payments in the long-term.

The rates for Adjustable Rate Mortgages are effective for a specific period of time, in this case, from February 16, 2025 to February 28, 2025.

The rates for 7y/6m ARM and 10y/6m ARM are 6.000% and 6.250% respectively.

These rates can result in an Effective APR of 6.047% and 6.315% respectively, depending on the final loan amount and applicable finance charges.

The Margin for both types of ARM is 2.75%, and the Per Adjustment Cap is 2.00%.

The Lifetime Cap for both types of ARM is 5.00%, and the Index is 4.34%.

The Floor for both types of ARM is 3.00%, which means that even if the interest rate increases, your monthly payment will not go below this amount.

Here are the monthly payments for the 7y/6m ARM and 10y/6m ARM:

VFCU mortgage rates can be a great option for homebuyers and refinancers.

The credit union offers a variety of special mortgage offers that can help you save thousands of dollars over the life of the loan.

With a 30-year fixed mortgage rate as low as 3.99%, you can enjoy a low monthly payment and a fixed interest rate for the life of the loan.

This can be especially beneficial for those with good credit scores, as they may qualify for even lower rates.

For example, a borrower with a 740 credit score could qualify for a rate as low as 3.75% on a 30-year fixed mortgage.

VFCU also offers a 20-year fixed mortgage rate as low as 3.25%, which can help you pay off your mortgage faster and save on interest over time.

This option may be a good choice for those who want to pay off their mortgage quickly and enjoy the benefits of homeownership sooner.

Additionally, VFCU offers a 5/1 adjustable-rate mortgage with a rate as low as 3.25%, which can provide a lower interest rate for the first five years of the loan.

Additional reading: 30-year Fixed Mortgage Rates with 800 Credit Score