Land of the free. Homes for the brave.
At LMCU, we make it easy for veterans, military personnel, and their families to afford homes.
VA Mortgage: Features & Benefits
To thank our military for their service, we’re proud to offer our own expert service, plus lower interest rates, no down payments,1 and no PMI2 for qualified borrowers.
0% down and no PMI
Qualified borrowers can skip the priciest hurdles facing aspiring homebuyers.
Low VA loan rates
VA mortgages offer lower interest rates than conventional loans.
Flexible loan limits
VA loan amounts are based on your individualized approval, not conventional loan limits.
Veterans and more
VA loans are available for eligible service members, veterans, and surviving spouses.3 Learn more.
Credit leniency
VA loans offer shorter waiting periods following certain credit-impacting life events.
Lifetime benefit
You can apply for a VA loan and enjoy the money-saving perks multiple times.
VA Loan FAQs
VA loans are government‑backed mortgages designed to make homeownership more affordable for eligible veterans, active‑duty service members, and qualified surviving spouses.3
Overall eligibility is based on your service history, duty status, and discharge type. Any applicant will need a Certificate of Eligibility (COE), which can be requested from the VA or pulled by your loan officer.
The VA sets specific requirements for surviving spouses3 to request a COE. Please consult the VA for up-to-date information.
No, one of the biggest benefits of a VA loan is that most eligible borrowers can buy with 0% down.1
Yes, VA loans have a lifetime benefit. This means you can restore your total lending entitlement after selling your home, or you can even keep multiple VA loans at once, so long as you meet lender requirements and don’t exceed your entitlement limits.
No, VA loans are available to all homebuyers who meet the program eligibility requirements.
Save even more with LMCU’s Max Mortgage discount!
Buying a home? Start here.
Connect with one of our local mortgage experts. They’re ready to answer any homebuying questions you may have with a smile and an extra mile.
The home of all your homeownership needs.
Disclosures
For well qualified borrowers. The interest on the portion of the loan that exceeds the value of the dwelling is not tax deductible. Please consult your tax advisor.
Private Mortgage Insurance.
VA loan qualification based on certificate of eligibility (COE) issued by VA. For full eligibility requirements, contact an LMCU mortgage loan officer or visit the VA website.
To receive MaxMortgage discount, mortgage payment must be an automatic payment that comes from an LMCU checking account with an ACH deposit. Some programs may not be eligible, discuss with your mortgage loan officer for further details.
