What are the benefits of a VA Mortgage Loan?

No Down Payment: Purchase a home without needing a down payment.
No Private Mortgage Insurance (PMI): Save on monthly costs as VA loans do not require PMI.
Competitive Interest Rates: Enjoy lower interest rates compared to conventional loans.
Flexible Credit Requirements: Qualify with a range of credit scores.
Assumable Loan: Transfer the loan to a new buyer if you sell your home.
Closing Cost Limits: Benefit from caps on closing costs charged by lenders.

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Calculator Disclaimer Personal Loan Rate

The monthly payment at 8.490% APR for a term of 12 months would require payments of approximately $87.22/month, per $1,000 borrowed. APR=Annual Percentage Rate, subject to change. Rate is based on individual creditworthiness and term of the loan. The use of this calculator does not imply nor guarantee loan terms nor approval of financing.

Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. People Driven Credit Union does not guarantee their applicability or accuracy in regards to your individual circumstances. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

Member-only Discount Rewards

Accidental Death & Dismemberment Insurance – PDCU provides $2,000 coverage to members 18-69 for free but op-in is required. Members receive discounts on additional supplemental coverage.