Tennessee Valley Federal Credit Union (TVFCU) is proud to announce the expansion of its mortgage services to include direct VA (Veterans Affairs) loans. VA loans, backed by the U.S. Department of Veterans Affairs, are designed to provide eligible veterans, active-duty service members and their families with affordable and accessible mortgage options.
“We are incredibly proud to offer VA loans as part of our commitment to those who have selflessly served our country,” said Eric Weekley, vice president of mortgage and consumer lending. “Our goal is to make the dream of home ownership a reality for our veterans, and VA loans are an excellent way to achieve that. TVFCU has consistently strived to support the financial well-being of our members. Our expansion to include VA loans is a testament to our dedication to serving veterans and active-duty military personnel with all of their financing needs.”
VA loans often come with competitive interest rates, lower down payment requirements and more flexible qualifying criteria, making it easier for veterans to purchase or refinance their homes.
Key benefits of VA loan offerings include:
- Competitive Interest Rates: VA loans feature competitive interest rates to ensure veterans and their families can secure affordable financing for their homes.
- Lower Down Payment: VA loans typically require little to no down payment, making it easier for eligible borrowers to become homeowners.
- No Private Mortgage Insurance (PMI): VA loans do not require PMI, which can save borrowers money on their monthly mortgage payments.
- Easier Qualification: VA loans have more flexible qualification requirements, making it easier for veterans to secure financing.
- Dedicated Support: TVFCU’s team of experts stands ready to provide personalized guidance throughout the loan application and approval process.
For more information about VA loans and to explore other financial products and services from TVFCU, please visit tvfcu.com or call at 423-634-3600.
About Tennessee Valley Federal Credit Union
Tennessee Valley Federal Credit Union (TVFCU), a not-for-profit financial cooperative, was established in 1936 when 57 Chattanooga TVA employees pooled $500 to create the member-owned credit union. Today, TVFCU serves more than 180,000 members who live, work, worship, volunteer or attend school throughout the 17-county service community. With more than $2.6 billion in assets and 23 branches throughout the area, TVFCU is the largest credit union in Southeast Tennessee. For more information about TVFCU, please visit tvfcu.com.