Affordable Housing Month: How Credit Unions Are Helping More People Call a Place Home

Each May, Affordable Housing Month serves as a national observance dedicated to raising awareness about the importance of accessible, attainable housing for individuals and families across the country. Tennessee Valley Federal Credit Union remains committed to supporting homeownership opportunities throughout our region.

We understand that for many, the path to homeownership can feel overwhelming. That’s why we offer a variety of mortgage options and personalized guidance to help people in our community confidently take the next step. With competitive rates and member-focused service, we’re proud to support affordable housing through our products and programs.

Why affordable housing matters

Affordable housing isn’t just about having a roof overhead—it’s about economic mobility, community stability, and financial security. When people have access to housing they can afford, they’re better positioned to pursue education, stay employed, build savings, and contribute to their local economy. Unfortunately, for many, the dream of homeownership or even stable rental housing feels out of reach.

How local Credit Unions and TVFCU make a difference

Credit unions are not-for-profit financial institutions that exist to serve their members, not shareholders. That means their focus is squarely on people over profits, making them uniquely positioned to help tackle housing affordability in the communities they serve.

We are dedicated to investing within our community and helping members find safe, affordable housing by removing barriers and making the mortgage process easier and accessible.

Here’s how TVFCU supports members:

• Flexible Mortgage Products. TVFCU offers low or no down payment mortgage options, special programs for first-time homebuyers, and loans that can accommodate non-traditional credit histories. These products are designed to meet members where they are and help more people cross the threshold into homeownership.
• Homebuyer Education. TVFCU host free homebuyer education courses, which walk members through the entire process—from budgeting and pre-approval to closing day. This kind of support empowers buyers with knowledge and confidence, making the home buying experience less intimidating.
• Member-Centered Lending. TVFCU takes a more personal, member-focused approach to lending. Instead of just looking at numbers on a screen, we listen to stories. TVFCU understands local economies and works hard to find solutions that keep people in their homes and on track toward ownership.

Mortgages to fit your life

• VA Loan options. We proudly serve veterans and active-duty military members with VA home loans that require no down payment, no private mortgage insurance, and offer favorable interest rates.
• FHA Loans. Great for first-time homebuyers or those with less-than-perfect credit. Backed by the Federal Housing Administration, these loans offer lower down payment requirements and more lenient credit qualifications.
• Conventional Loans. Ideal for buyers with good credit and stable income. These loans offer flexible terms and competitive rates.
• USDA Rural Development Loans. Designed for eligible properties in rural or suburban areas, USDA loans offer 100% financing (no down payment) and reduced mortgage insurance costs for qualifying borrowers.
• Construction-to-Permanent Loans. Finance your build and transition seamlessly into a permanent mortgage—no need for multiple closings. A great option if you’re building your dream home from the ground up.

Local Decisions, Local Support

Across the country—and especially here in our own region—credit unions are creating meaningful impact by listening to members, innovating products, and staying committed to financial empowerment. Whether it’s helping a single mom buy her first home, guiding a couple through refinancing to lower monthly payments, or supporting affordable housing developments through local investments, TVFCU is showing up for the communities we serve. Unlike national lenders, we’re rooted in the communities we serve. We understand local housing needs and tailor our programs to help families in the Tennessee Valley region become homeowners with confidence.

Affordable Housing Month is a reminder that we all have a role to play—from policymakers and developers to financial institutions and neighbors. Together, we can work toward a future where everyone has a place to call home.