Military & Special Home Loans

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Military & Special Home loans

Unique Home Loan Rates As Low As

APR Effective 8/17/2018*

4.692
%
APR

VA 30 Year Fixed

VA Purchase 0% Down

4.251
%
APR

FHA 30 Year Fixed

*See important information about rates, fees and other costs

Sometimes unusual situations require financing that thinks outside the box, and we‘ve got that covered. If a standard loan just won't meet your needs, explore your options with a variety of non-traditional fixed-rate and ARM loans available at BECU.

VA Loans: You Served, Now Let Us Serve You

We're thrilled to be able to offer men and the women of the armed forces multiple purchase and refinance options that they can apply their VA Certificate of Eligibility (COE). By choosing BECU, you combine the benefits you've earned, including a zero down-payment option, alongside the savings of a not-for-profit credit (like fewer fees).


It all adds up to more money back in your pocket.

Limited-Time No Origination Fee Offer

Purchase or refinance your home in Washington or Idaho using a Veteran Affair's loan, and you'll pay no origination fee.* To qualify, you need to set up automatic payments from a BECU checking or savings account, as well as have a Certificate of Eligibility (COE). That's a home loan with no down payment requirement and no origination fee.


This offer is available on purchase or refinanced VA loans made now through Sept. 30, 2018.

Our Loan Options Include:

Who is eligible? Why choose it

Qualified veterans, reservists, active duty personnel and eligible family members

No and low down payment options—up to 100% financing

Determine eligibility by obtaining a Certificate of Eligibility (COE) at www.ebenefits.va.gov

No private mortgage insurance regardless of the down payment amount

Limited closing costs and fees

Flexible credit qualification guidelines

Fixed rate and adjustable rate mortgages available

Why choose this Pros Cons

You plan to stay in your home for a short period of time

5/1 ARM has 1% per annual interest adjustment and 5% interest rate cap over life of loan

It is riskier if you don't expect your income to increase over the initial five-year period to cover the change in monthly payment

You want a fixed rate longer than three years

Manual underwriting is acceptable

Interest rate can rise above the current fixed rate over time

You want to qualify for a higher loan amount with lower payments

Why choose this Pros Cons

You are looking to purchase improved or unimproved property

You want to purchase land now and build later

Washington State properties only

You want a lower rate and/or payment than a fixed-rate mortgage offers

Parcels up to 20 acres

No large structures or mobile homes are allowed on the property

Purchase loan amounts to $400,000

There can be no construction of any sort in progress


Cannot be used for commercial, agricultural, timberland, or farming

Why choose this Pros Cons

You are looking to purchase improved or unimproved property

You want to purchase land now and build later

Washington State properties only

You want a lower rate and/or payment than a fixed-rate mortgage offers

Parcels up to 20 acres

No large structures or mobile homes are allowed on the property

Purchase loan amounts to $400,000

There can be no construction of any sort in progress

Cannot be used for commercial, agricultural, timberland, or farming

Why choose this Pros Cons

10-Year Fixed (Land)

You want to purchase land now and build later

Washington State properties only

You are looking to purchase improved or unimproved property or refinance improved property

You own land and wants to refinance to lower rate/payment only

No large structures or mobile homes are allowed on the property

You want a stable fixed rate payment

You own land and want to refinance to take cash-out refinance

There can be no construction of any sort in progress

Parcels up to 20 acres

Cannot be used for commercial, agricultural, timberland, or farming

Purchase loan amounts to $400,000

Refinance loan amounts to $100,000

Why choose this Pros Cons

You are looking to purchase improved or unimproved property or refinance improved property

You want to purchase land now and build later

Washington State properties only

You want a stable fixed rate payment

You own land and wants to refinance to lower rate/payment only

No large structures or mobile homes are allowed on the property

You own land and wants to refinance to take cash-out refinance

There can be no construction of any sort in progress

Parcels up to 20 acres

Cannot be used for commercial, agricultural, timberland, or farming

Purchase loan amounts to $400,000

Refinance loan amounts to $100,000

Why choose this Pros Cons

You are looking to purchase improved or unimproved property or refinance improved property

You want to purchase land now and build later

Washington State properties only

Wants a stable fixed rate payment

You own land and wants to refinance to lower rate/payment only

No large structures or mobile homes are allowed on the property

You own land and wants to refinance to take cash-out refinance

There can be no construction of any sort in progress

Parcels up to 20 acres

Cannot be used for commercial, agricultural, timberland, or farming

Purchase loan amounts to $400,000

Refinance loan amounts to $100,000

Why choose this Pros Cons
You need expanded options for qualifying income
Low down payment
Income limitation - not all members will be eligible
You need flexible credit qualifications
Flexible sources for funds for down payment and closing costs
Principal residences only (1-4 units)
If you have limited cash for a down payment
Flexibilities for income sources used to qualify
Why choose this Pros Cons
You need expanded options for qualifying income
Low down payment
Income limitation - not all members will be eligible
You need flexible credit qualifications
Flexible sources for funds for down payment and closing costs
Principal residences only (1-4 units)
If you have limited cash for a down payment
Flexibilities for income sources used to qualify

Have more questions about military or special home loans?

To find out more, visit your nearby Neighborhood Financial Center.

Email us to learn about BECU homes for sale.

Make an Appointment

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*Eligibility for the VA 0% Origination Fee promotion requires completion of the Automatic Payment (ACH) Authorization form authorizing payments from a BECU checking or savings account prior to loan funding. Purchase transactions require receipt of a fully executed Purchase and Sale Agreement no later than 9/30/2018. Loan funding must occur no later than 12/31/2018. Offer applies to purchase and refinance transactions. Loans are subject to credit approval and other underwriting criteria, and not everybody will qualify. Certain restrictions apply. Home loan programs, terms and conditions are subject to change without notification.  BECU reserves the right to terminate this offer at any time without notice.

**Income limits may apply. Homeownership education at a cost of $75 (paid to Framework) required.   HomeReady is a trademark of Fannie Mae. Loans are subject to credit approval and other underwriting criteria.  Certain restrictions apply.  Home Loan programs, terms and conditions subject to change without notice.