Mortgage Loans
Whether you’re buying your first home, refinancing, or building your dream property, Beacon Credit Union offers a range of mortgage solutions tailored to your needs across Central and Southwest Virginia. From fixed-rate and adjustable-rate mortgages to home equity options, our local experts are here to guide you every step of the way with competitive rates and personalized support.
Promo Alert!
Mortgage Rates as low as 4.99% APR†
Enjoy a low-rate, low-payment Mortgage.
Benefit from a Mortgage that works for you with rates starting as low as 4.99% APR†.
Focus on other plans, bills, and goals while your Beacon Mortgage loan saves you money. With rates increasing daily, an adjustable-rate mortgage is the perfect loan for your budget.
†APR = Annual Percentage Rate Restrictions Apply.
Adjustable-Rate Mortgage Loan
In an Ever-changing Economy, Adjustable-Rate Loans May Be the Choice For You.
An Adjustable-Rate loan or ARM is a mortgage loan that starts with an initial fixed interest rate for a set period of time and then adjusts according to market conditions.
- Lower Fixed Initial Rates
- Lower Monthly Payments
- Build Equity in Your Home
Learn more about What is an Adjustable-Rate Loan (ARM)?.
Conventional Loans
Affordable Conventional Mortgage Options to Fit Your Homebuying Goals
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%*
*Restrictions apply
FHA Loans
Make Homeownership Possible with FHA Loans Built for Your Budget
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.
USDA Loans
Affordable USDA Home Loans for Rural Areas in Central and Southwest Virginia
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. As a Beacon Mortgage expert for information.
VA Loans
Affordable VA Home Loans for Veterans, Active Duty, and Military Families
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
Pay Loan
Making your loan payment with Beacon has never been easier. Learn more about our loan payment options.
Meet The Team
Meet our mortgage lenders and begin your loan application with personalized support.
Beacon Learning Center
Expert advice and tips to help you make smart financial decisions.
Buying a home and understanding mortgages
This course prepares potential homebuyers and current homeowners alike for the financial impact of such a major purchase, with a focus on securing financing and mortgage management.
The Basic Terms of a Mortgage Transaction
Learn more about terms used during the mortgage application process, mandatory disclosures, and terms used in the mortgage contract.
When Does It Make Sense to Refinance Your Mortgage?
The majority of American homeowners have a mortgage on their home. However, what many homeowners may not know is that following their purchase, they have the option to refinance their home. In many cases, this allows them to save money and build equity quicker.
How Do I Get Pre-Approved for a Mortgage?
Buying a home can be a daunting and life-altering event. From deciding on becoming a homeowner to getting handed the keys, the entire process brings with it a flurry of questions. The good news is that many of the steps along the way are not as tricky or complicated as they might seem.
Mortgage Refinance Calculator
The calculators are made available to you as self-help tools for your independent use and are not intended to provide financial advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Explore more loans
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Ready To Take The Next Step?
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.