VA Home Loans
No down payment required, no mortgage insurance, and competitive rates ā start your application for a VA loan through Centris Federal Credit Union today.
We Make Understanding VA Loans Easy
What is a VA Loan?
VA loans are guaranteed mortgage loans available to eligible military service members through the U.S. Department of Veterans Affairs (VA). The VA guarantees a portion of the loan, but VA home loans are financed by lenders like Centris Federal Credit Union.
Benefits of VA LoansĀ
No Down Payment
Unlike many other loan types, VA loans require $0 down, so you can keep more cash on hand to invest in your home or future.
No Mortgage Insurance
VA loans don’t have mortgage insurance premiums (MIP) or private mortgage insurance (PMI) to help you save money each month.
No Prepayment Penalties
While other loans can have penalties for paying off your loan early, VA loans can be paid off as quickly as you need.
Variety of Loan Options
VA loans at Centris Federal Credit Union can have a fixed or variable rate, and you can use them to buy, build, refinance, and more.Ā
Lower Closing Costs
VA loan borrowers can’t be charged for loan processing, underwriting, document prep, or broker and escrow fees from the lender.
VA Loan Requirements
To be eligible for a VA loan, you must:
- Meet minimum active-duty service requirements or have been discharged under a qualifying exception
- Request a Certificate of Eligibility (COE) from the U.S. Department of Veteran Affairs to prove you’re eligible
- Meet credit, income, and occupancy requirements from the lender
Who Can Apply for a VA Loan?
- Active-duty service members
- Veterans
- National Guard or Reserve members
- Surviving spouses
VA Loan Rates
VA home loans in Nebraska and Iowa are known for their competitive rates and flexible credit score requirements. Rates can vary based on factors like your credit, debt-to-income ratio, and loan terms. Contact our team today to learn more and find your rate.
See If You Qualify in Three Simple Steps
Get the VA loan process started in just a few minutes.
1. Apply in person. Bring in your COE to a branch nearest you and talk with our experts.
2. Find out if you’re approved. If you qualify, we’ll discuss the details of your VA loan, including your terms and rate.
3. If approved, receive your VA loan. Now you’re set to buy your new home.
Why Centris Federal Credit Union
Competitive Rates
Competitive rates on VA loans for long-term savings.
Support From Experts
Our mortgage team has more than 122 total combined years of experience with government loans.
Local Credit Union
Fast decisions and personal service ā right here in your community.
Our Mortgage Loan Originators
At Centris Federal Credit Union, we bring our local insights and expertise to help find a mortgage solution that will fit your financial needs. Our mortgage experts are here to help determine if a VA loan is the right mortgage option for you. If it is, we may be able to help simplify the qualification process and get you on the way to owning your new home.
Janette R. Calabro
8250 S. 99th St., La Vista, NE 68128
(402) 697-6748
Book an appointment Ā»
PK Kopun
2727 S. 168th St., Omaha, NE 68130
(402) 507-0066
Book an appointment Ā»
Jeanne Lamoureux
11718 M Cir., Omaha, NE 68137
(402) 758-6552
Book an appointment Ā»
Laura Longo
343 N. 114th St., Omaha, NE 68154
(402) 758-6041
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Eric Lundstrom
2207 Pratt Ave., Bellevue, NE 68123
(402) 697-6700
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Karyn Randone
13120 Pierce St., Omaha, NE 68144
(402) 697-6766
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Shelley Thompson
19431 Polk St., Omaha, NE 68135
(402) 758-6431
Book an appointment Ā»
VA Loan Frequently Asked Questions
Can VA loans be used for a second house or rental property?
No, VA loans cannot be used for a second home, vacation home, or a rental property. However, they can be used for properties with one to four units, and as long as you live at the property, you can rent out the other units.
How many times can you use a VA loan?
There’s no limit to the amount of times that qualifying military personnel can use a VA loan. It’s a lifelong benefit for those who have served our country and surviving spouses.
How much VA loan can I afford?
How much home you can afford with a VA loan depends on your income, monthly debts, credit score, and loan rates. While VA loans don’t have a maximum loan amount, lenders will still evaluate your finances to decide how much you qualify for. Contact our loan originators today for more assistance!
Are VA loans assumable?Ā
Yes, a new buyer can take over an existing VA mortgage and its loan terms. The new buyer does not need to qualify for a VA loan themselves. However, the buyer must meet the lender’s requirements, and the lender must approve the assumption.
Additional Mortgage Loan OptionsĀ
Conventional Loans
FHA Loans
My First Home Program
Not eligible for a VA loan or want to explore other options? Conventional loans offer competitive rates and flexible terms.
Another government-backed loan that’s great for first-time home buyers with a low down payment requirement.
Our My First Home Program offers up to 105% financing with just a $1,000 minimum contribution.* Save even more with no required mortgage insurance.
*Terms and conditions apply.
Find a Branch Near You
Omaha and Council Bluffs
Walk through your home-buying journey alongside the expert mortgage staff at one of our Omaha metro locations, including La Vista and Bellevue.
North Platte
Our North Platte mortgage experts are ready to help you find the mortgage loan that best fits your financial needs.
Grand Island
Take the first step in your new home journey by meeting with our dedicated mortgage experts at our Grand Island branch.