Now is the time to Buy a Home!

Now is the time to Buy a Home!

Whether you’re buying your first home or refinancing to obtain a better payment, term or rate, Beacon Credit Union’s lenders are here to help with all your Mortgage goals. With branches in Lynchburg, Danville, and throughout Central Virginia, Beacon lenders offer an informative, easy and enjoyable Mortgage process, so that you’ll be living in the home of your dreams in no time.

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Conventional Loans

Borrowers who have good credit have many options when it comes to getting a mortgage. A Beacon Conventional Mortgage Loan is ideal for homebuyers who have good credit.

  • Fixed and Adjustable Rates
  • Lower Closing Costs
  • Term: Up to 30 Years
  • Purchase and Refinance Options Available
  • Down payments as low as 5%*
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FHA Loans

The Federal Housing Administration (FHA) is an agency within the Department of Housing and Urban Development. FHA loans are designed to help low-to-moderate income creditworthy families by offering a mortgage with lower down payment requirements and less restrictive qualifying criteria.

  • As low as 3.5% down payment required
  • Flexible guidelines for qualifying ratios
  • Various options for down payment available. Ask a Beacon Mortgage expert for information.
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USDA Loans

The Rural Housing Loan is a federal program by the United States Department of Agriculture (USDA) that is used to help low- to moderate-income borrowers purchase homes in rural areas. This home loan allows borrowers to obtain mortgage financing up to 100% of a home’s value.

  • Up to 100% Financing Available
  • Low Monthly Mortgage Insurance
  • Flexible Credit and Qualifying Guidelines
Income Limitations and Property Restrictions Apply. Ask a Beacon Mortgage expert for information.
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VA Loans

The VA loan is a mortgage loan program, available to active and retired military, reservists, and surviving spouses, that’s guaranteed by the U.S. Department of Veterans Affairs (VA). VA loans offer up to 100% financing with flexible qualifying criteria and favorable loan terms.

  • Up to 100% Financing
  • No Monthly Mortgage Insurance
  • Less Restrictive Qualifying Terms
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Loan programs may change at any time with or without notice. Other loan program restrictions may apply. All loans subject to income validation, credit approval and property appraisal.
*For conventional loans, (PMI) Private Mortgage Insurance may be required depending upon the down payment amount.

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