VA Mortgage

Homeownership made easy for service members and veterans.

Home Loans That Serve Those Who Serve Our Country

PenAir is proud to offer VA Home Loans to active-duty service members, veterans, and eligible surviving spouses. We’re here to help you roll out the welcome mat.

Who can qualify for a VA Loan?

With options for $0 down payment, reduced closing costs, and competitive fixed rates, is a great way to finance a primary residence.

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Active-duty service members

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Eligible surviving spouses

Unlock your dream home with the best mortgage rates tailored for you!

Contact our dedicated Mortgage Team today for personalized quotes, competitive rates, and the expert assistance to make your homeownership journey a reality.

Contact Our Team

Crunching the Numbers

What to Expect When You Finance With PenAir

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Compare loan programs, rates and terms

Review your mortgage choices, play around with PenAir’s mortgage calculators, and even contact a PenAir Mortgage Expert to find the best option for you.

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Apply for your loan

It’s a lot easier than you think. Our online loan application is a fast and easy way to get your mortgage loan process started.

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Provide supporting documents

We provide secure online and offline options to send required documents to our underwriters. We know this is the boring part, but our Mortgage Team will make it as easy as possible.

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Get your pre-approval

This step lets you know what your approvable purchase and finance amount is, plus the rate and potential monthly payment for that amount. Let the house hunt begin.

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Lock in your rate and get final approval

If you are refinancing, this step can take place right after pre-approval. For a home purchase, the loan will move toward closing once you have had an offer accepted and the property details are submitted to our team.

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Review final loan documents

Once we have the required property information in hand and other document requirements have been met, we can generate the final loan documents for review before setting a closing date.

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Close on your new home

Now for the fun part. Once a closing date is set, loan documents will be delivered to the closing agent for signing and financial transactions will be coordinated to complete the process. And just like that — you’re home.

Need a little more information?

See if this is what you’re looking for.

Simply put – no down payment. Selecting a VA loan allows qualified buyers the ability to purchase a home without making a down payment.

Your VA Loan amount is based on the applicant’s credit score and ability to repay the loan. Otherwise, there is no maximum loan amount. It is however limited by the purchase price or reasonable home value.

Perhaps the biggest advantages to a VA Loan, is you don’t need a down payment.

The VA requires that you must be able to show two years of consistent income, preferably documented through W-2s. If there are any gaps in employment in this two-year period, they must be substantiated. If there’s a break due to school or training for work, it can be counted toward the two-year requirement.

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For Wealth, Financial Counseling, and Mortgage Lending appointments, please follow the steps below.

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For help with retirement, rollovers, and portfolio management, call 850-505-3200 ext. 8332 to meet with a licensed Wealth Manager.

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For all Mortgage appointments, please call 850-505-3200 ext. 8360 or email the Mortgage Department.


© 2023 PenAir Credit Union. NMLS# 413053. Standard credit qualifications and other terms and conditions apply. Loans subject to credit approval. Call 1.877.4PENAIR for credit costs and terms.

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