VA Loans

VA-LOANS-LOGODuTrac Community Credit Union is proud to be able to offer mortgage loans with the United States Department of Veterans’ Affairs (VA) guaranty to our country’s veterans.

The basic intent of the VA Home Loan Program is to supply home financing to eligible veterans and to help veterans purchase properties with no down payment. Significant to the VA’s mission, is to provide a home loan guaranty benefit and other housing–related programs to help veterans buy, build, repair, retain or adapt a home for their own personal occupancy.

According to federal law, the VA is authorized to guarantee loans made to eligible veterans only and for only certain purposes. However, eligible veterans receive many advantages by obtaining VA home loan financing including:

  • No down payment is required by VA unless the purchase price exceeds the reasonable value of the property or the loan is a Graduated Payment Mortgage (GPM) (DuTrac may require a down payment if necessary to meet secondary market requirements.)
  • Flexible underwriting standards
  • Refinancing at a discounted rate is an available option

VA home loans are provided by private lenders, such as a credit union. VA guarantees a portion of the loan, enabling the lender to provide veterans with more favorable terms. To determine the full range of options available to eligible veterans or to schedule a no-cost mortgage consultation, please contact one of DuTrac’s highly qualified real estate lending consultants at (800) 475.1331, by email at, or in person at any of DuTrac’s convenient locations.

For additional options and specific information related to the VA Home Loan Program, please visit the United States Department of Veterans Affairs website today.

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