VA Home Loan
Every day, the men and women of the U.S. military demonstrate courage, discipline, and sacrifice that deserve our lasting gratitude. We’re honored to help these individuals and their families find a home with accessible financing backed by the U.S. Department of Veterans Affairs
Apply for a Home LoanBenefits of an Argent VA Home Loan
Argent Credit Union is committed to making homeownership more accessible for our dedicated veterans and service members. Our VA mortgage loans offer unique benefits for eligible applicants.
Competitive Rates
We’re able to offer significantly lower rates on government-guaranteed VA Home Loans, making homeownership more affordable for eligible borrowers.
Up to 100% Financing
Saving up for a down payment can sometimes take several years. Many VA Home Loans require no money down. You’ll be able to get into a home of your own sooner!
No PMI Required
VA Home Loans require no private mortgage insurance (PMI), offering significant savings on your upfront loan costs and monthly mortgage payments.
Convenient Terms
As a member-owned credit union, we work closely with applicants to help ensure every home loan we offer fits both your budget and your long-term financial goals.
VA Home Loan Details
Argent CU works with the U.S. Department of Veterans Affairs to offer affordable home loans, often with no money down. Our VA loans require no private mortgage insurance (PMI) and offer more flexible credit requirements, making it easier to qualify.
Eligible veterans, active-duty service members, members of the National Guard, reservists, and some surviving spouses may all apply for the VA Home Loan program.
Key features:
- Up to 100% financing
- Lower monthly payments by avoiding PMI
- No cash reserve requirements
- Waiver of VA funding fees for certain veterans with service-related disabilities
- Wide range of mortgage types and terms available
Apply for your VA Home Loan with Argent Credit Union today. Click below to get started.
Mortgage Resources
Home Loan Calculators
Estimate your monthly payment and explore how different rates and terms impact your budget.
Mortgage FAQs
Get answers to common questions about adjustable-rate mortgages and the home loan process.
Understanding Credit Tutorial
Learn how your credit score affects your mortgage options and how to improve it.
“I am always pleased with the service I get from Argent Credit Union. The staff are so friendly and always willing to help.”
– Teresa R., Chester, VA
“Always professional, knowledgeable, courteous, respectful and always going above & beyond !”
– Lionetta K., North Chesterfield, VA
VA Loan FAQ
Do veterans need a Certificate of Eligibility for a VA loan?
Yes, veterans must obtain a Certificate of Eligibility, also called a COE, to be eligible for a VA loan. A COE is issued by the Department of Veterans Affairs and verifies a service member’s eligibility for the VA loan program. You can obtain a COE through the Department of Veterans Affairs. Your VA lender may also assist you during the process to help you obtain the document.
What are the benefits of a VA loan?
VA loans typically offer borrowers competitive rates, more flexible qualification standards, and in many cases, the opportunity to buy a home with no down payment.
What documents do I need to apply for a VA loan?
When applying for a VA Home Loan, you’ll need to provide an Argent loan officer with the following:
- Driver’s license or DMV-issued ID
- Social Security number
- Proof of your physical address (not your mailing address, if it’s different)
- Tax returns
- Pay stubs, W-2s, and any other proof of income
- Bank statements and evidence of any other assets
- Gift letters if someone is helping you with your down payment
- Evidence of your rental history or previous homeownership
- VA Certificate of Eligibility (COE)
Argent will access your credit history by requesting a credit report.
What is a VA loan?
A VA loan is a mortgage backed by the U.S. Department of Veterans Affairs and designed to help eligible veterans, active-duty service members, and certain surviving spouses buy a home through private lenders like credit unions, banks, and mortgage companies.
What rates will I get for my VA loan?
The interest rate you will be offered is based on your credit score, income, outstanding debts, and other factors. The qualifying criteria for VA loans are more lenient than for conventional home loans.
Who is eligible for a VA loan?
VA loans are available to a wide range of applicants who have served in the military. This includes eligible veterans, active-duty service members, National Guard soldiers, reservists, and some surviving spouses of eligible veterans.
Can I refinance a VA loan at a later date?
Yes, you can typically refinance a home purchased with a VA loan after about six months. Waiting longer, however, may help you build equity, improve your credit, and qualify for a better rate.
Do I need to become a member at Argent to get a VA loan?
Yes, you do need to become a member – and we can help you join as part of your home loan application. Membership is open to individuals living, working, attending school, worshiping, or volunteering in the following counties:
- Chesterfield
- Henrico
- Hanover
- The city of Richmond
Membership is also available to family members or housemates who meet the above criteria. To be eligible, members must also be at least 18 years of age and be a U.S. citizen or resident alien.
Do VA loans require a down payment?
Many VA loans do not require any down payment at all.
Do VA loans require mortgage insurance?
No. VA loan recipients do not need to have private mortgage insurance (PMI). That can help to keep closing costs low and reduce monthly loan payments.
How to Apply for a VA Loan
Apply Online
Submit your application together with your Certificate of Eligibility and other documents.Quick Review
We’ll work with the VA to review your application and offer you a loan rate and terms.Enjoy Your Low Rates
Find your home, close your loan, and start building equity with regular, affordable payments on your VA mortgage.More Borrowing Options
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Disclosures
All loans subject to credit approval, income verification, property appraisal, title review, and underwriting requirements. Rates, terms, and program availability are subject to change without notice. VA Home Loans are available to eligible borrowers who meet Department of Veterans Affairs requirements and lender underwriting standards. A valid Certificate of Eligibility (COE) may be required. Up to 100% financing available for qualified borrowers and eligible properties. Not all applicants will qualify. VA loans do not require private mortgage insurance (PMI); however, other fees, insurance, taxes, and closing costs may apply. Interest rates and loan terms will vary based on creditworthiness, loan amount, occupancy, loan-to-value ratio, property type, and other factors. A VA funding fee may apply. Certain eligible veterans, including some borrowers with qualifying service-connected disabilities, may be exempt from the funding fee in accordance with VA guidelines. Gift funds may be permitted for eligible closing costs subject to documentation and program requirements. Cash reserve requirements may vary based on borrower qualifications and property type. Membership eligibility required. Argent Credit Union membership subject to qualification requirements. Information provided is for general informational purposes only and is not a commitment to lend. Equal Housing Lender. Federally insured by NCUA.
