Specialty Home Loans
Find customized loan options for unique homeowners like you.
Options to realize your dreams.
Maybe you have special plans for your home that require a different type of home loan. Or maybe you're one of the people our community counts on to educate and protect us. Maybe both! Here you'll find specialty mortgages that help you reach your goals.
Types of Specialty Home Loans
You give so much to our community, so we're honored to give back to you! This special home loan program helps borrowers who work in education, medical care, fire and rescue, law enforcement and the military. Choose from 30-year fixed-rate mortgage, 5/1 or 7/1 adjustable-rate mortgages (ARMs), depending on your needs. We'll work with you to find the mortgage that works for your situation.
- No down payment
- Up to 100% financing
- Affordable mortgage insurance
- Learn more
Finance the construction of a new home on a lot you already own or apply for a loan that lets you finance the lot and the construction together. Once your home is built, this mortgage transitions into a permanent home loan that we will service locally. Learn more about Construction-to-Permanent Mortgages.
You have big renovation plans for your house. With this unique mortgage, you can get the money you need for the purchase and your projects. Use it for refinancing your existing mortgage, too, and then cover the cost of repairs, remodels, renovations and energy improvements. The amount you can borrow is based on the estimate value of your home after your renovation. Keep in mind, this loan can't be used if you're planning to tear down and rebuild your home.
- Available as a 30-year fixed-rate mortgage, or a 5/1, 7/1 or 10/1 ARM
- Generally, improvements should be permanently affixed to the real property (either dwelling or land) with the exception of certain appliances purchased and installed within a kitchen/utility room remodel
- Renovation work must be allowable under the bylaws of the HOA or written approval for the work must be obtained from the HOA
Put your homeownership plan into action.
- Mortgages for our hometown heroes
- Home loans that cover renovation costs
- Financing when building from the ground up
- Budget Payment Plan - Bi-weekly payment option
Resources for success.
All loans subject to credit approval. Other restrictions may apply. UVA Community Credit Union membership eligibility is required. A minimum ongoing balance of $5 in a Share Savings Account is required.