TVFCU Expands Services to support veterans and their families with VA loans
November 2, 2023
Tennessee Valley Federal Credit Union (TVFCU) is proud to announce the expansion of our mortgage services to include direct VA (Veterans Affairs) loans. This exciting development exemplifies our unwavering commitment to serving the needs of our veterans and active-duty military personnel. We understand the unique challenges and opportunities that veterans face when it comes to homeownership, and we are thrilled to now be serving them, as they have served us.
"We are incredibly proud to offer VA loans as part of our commitment to those who have selflessly served our country," Eric Weekley, vice president of mortgage and consumer lending, stated. "Our goal is to make the dream of homeownership 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, 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. These 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 TVFCU's VA loan offerings include:
1. Competitive Interest Rates: Our VA loans feature competitive interest rates to ensure veterans and their families can secure affordable financing for their homes.
2. Lower Down Payment: VA loans typically require little to no down payment, making it easier for eligible borrowers to become homeowners.
3. No Private Mortgage Insurance (PMI): VA loans do not require PMI, which can save borrowers money on their monthly mortgage payments.
4. Easier Qualification: VA loans have more flexible qualification requirements, making it easier for veterans to secure financing.
5. Dedicated Support: Our team of experts is committed to providing exceptional customer service and personalized guidance throughout the loan application and approval process.
TVFCU secured the leading position in mortgage lending in May 2022, a position they have maintained in terms of both loan volume and the number of loans up to the present day.
Tennessee Valley Federal Credit Union (TVFCU), a not-for-profit financial cooperative, was established in 1936.
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 $2.4 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.