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VA Home Loans

We proudly offer VA Home Loans to qualified veterans, servicemembers and eligible surviving spouses.

No Origination Fee, No Lender Fees

At Eglin FCU, our fixed-rate VA Home Loans offer more than just competitive rates and exceptional service. While standard closing costs apply, we eliminate many of the extra fees you’ll find elsewhere, including origination, prepayment penalties, underwriting, processing, tax service, document preparation and administrative fees. These savings can add up, which may help reduce your overall loan costs and make homeownership more affordable.

Be Prepared

Before you begin the mortgage application process, we recommend you review the Loan Checklist. It provides a helpful starting point by outlining commonly required documents, though additional items may be required as your application progresses.

When you're ready to start the application process for a VA Home Loan, whether purchasing or refinancing, please reach out to our Mortgage Services team at 850.862.0111, Option 3, or via secure email.

loan checklist

Get Started Online

Buying a home, refinancing your current mortgage, tapping into your home’s equity, or purchasing land? Our Mortgage Loan Online Services platform allows you to begin the process online and create a secure space to upload documents and track the status of your loan.

  • Use the Get Started button below to create your Mortgage Loan Online Services platform account.
  • If you have already started the process, use the Log In button to continue. From there you can securely upload documents or check your mortgage application status.
  • Please note: Login credentials for the mortgage portal are separate from your online banking credentials.

 Before beginning the loan process, please ensure that all borrowers listed are active members of Eglin Federal Credit Union. If any borrowers are not yet members, you may apply for membership online. Visit our Membership Eligibility page to learn more about membership qualifications.

Log In
Thank you for choosing Eglin Federal Credit Union for your mortgage needs.
  • Use the Get Started button below to create your Mortgage Loan Online Services platform account.
  • If you have already started the process, use the Log In button to continue. From there you can securely upload documents or check your mortgage application status.
  • Please note: Login credentials for the mortgage portal are separate from your online banking credentials.

 Before beginning the loan process, please ensure that all borrowers listed are active members of Eglin Federal Credit Union. If any borrowers are not yet members, you may apply for membership online. Visit our Membership Eligibility page to learn more about membership qualifications.

Log In
Thank you for choosing Eglin Federal Credit Union for your mortgage needs.

Maximum Loan Amounts & Restrictions

  1. Requires Eglin FCU Membership.
  2. Must be eligible to obtain a VA Home Loan.
  3. 1st Mortgage only
  4. 30-year Term
  5. Rates are subject to change daily. Please contact our Mortgage Services team at 850.862.0111, Option 3, for current rates.
  6. Loan amounts from $40,000 to $832,750
  7. Loan-to-Value: Purchase
    • We will lend up to 100% of the appraised value or purchase price, whichever is less.
  8. Loan-to-Value: Type II Refinance (cash-out)
    • We will lend up to 90% of the appraised value.
  9. An escrow account is required.
  10. Subject to standard closing costs.
  11. Property must be an owner-occupied, single-family primary residence.
  12. Property must be located in one of the following Florida counties: Escambia, Santa Rosa, Okaloosa, Holmes, Walton, Bay or Washington.
  13. All VA Home Loans are subject to final underwriting approval by Guild Mortgage.
  14. After closing, the loan will be sold to Guild Mortgage, who will retain the servicing rights.

Fixed Rate VA Home Loan Payment Calculator

Amount of Loan: $
APR*: %
Term of Loan: months
Monthly Payment: $
Total Payment: $
Disclaimer | Financial calculators are provided to give sample payments for given Annual Percentage Rate and Terms but are not guarantees of credit. There is no guarantee, explicit or implied, regarding the accuracy or applicability to your specific circumstances. All examples are hypothetical and are for illustrative purposes and are not intended to provide investment advice. Please contact our Mortgage Services team for assistance with your specific loan request. This calculator is only for determining Principal and Interest. Fixed-rate VA Home Loans require an escrow account, which will increase your estimated monthly payment.
Buy a home.
The choice is easy. Eglin FCU members benefit from lower closing costs with NO ORIGINATION FEES and NO LENDER FEES.
learn more about Home Loans
Refinance with us.
Refinance your home with Eglin FCU for a lower interest rate or "cash out" and never pay ORIGINATION FEES or LENDERS FEES.
learn more about Home Refinancing
Get cash from your home equity
Turn your home’s value into a lump sum of cash and make those big dreams happen — whether it’s a renovation, a major purchase, or paying down debt.
learn more about Home Equity Loans
Flexible funds when you need them
Take advantage of the equity in your home to fund home improvement projects, large purchases or consolidate debt using a HELOC from Eglin FCU.
learn more about Home Equity Lines of Credit
Buy land.
Whether purchasing land as a long-term investment or to build your new home, Eglin FCU can help provide the funds to get you there.
learn more about Vacant Land Loans
Mortgage Calculators
Compare different terms, determine how much downpayment you should make, and more...
Registered Mortgage Loan Originators
Our local team of Registered Mortgage Loan Originators is ready to serve you.

Frequently Asked Questions

What types of properties and locations does your financing cover in Florida?
We provide financing for single-family homes that serve as your primary residence. Eligible properties must be located in one of the following Florida counties: Bay, Escambia, Holmes, Okaloosa, Santa Rosa, Walton or Washington.

What is a Home Equity Line of Credit (HELOC) Early disclosure?
For HELOCs, the early disclosure outlines crucial terms and conditions. It covers information such as what could happen to the borrower's home if they do not repay the HELOC as agreed, under what conditions the lender can terminate or reduce the credit line, and the length of the draw period. For specific questions regarding early disclosures, please contact our Mortgage Services department at 850.862.0111, Option 3, during business hours.

What is title insurance?
As part of the loan process, the lender orders a Lender's Title Insurance Policy to verify existing liens on the property. This policy protects the lender against issues with the title to the property, such as someone with a legal claim against the property. For specific questions regarding a Lender's Title Insurance Policy, please contact our Mortgage Services department at 850.862.0111, Option 3 during business hours or via secure email.

What is an escrow?
Based on your loan type, an escrow account may be required. This type of account is established at loan closing. Over time, a borrower continues making monthly contributions to the escrow account as part of their mortgage payment. When property taxes or insurance premiums come due, the lender uses the escrow funds to pay these items on the borrower's behalf. For specific questions regarding escrow accounts, please contact our Mortgage Services department at 850.862.0111, Option 3 during business hours or via secure email.

What is private mortgage insurance (PMI)?
Private Mortgage Insurance (PMI or MIP) is a type of coverage that is required if you obtain a Conventional mortgage - one that isn't federally guaranteed - and put down less than 20% to purchase a home or have less than 20% equity when refinancing. PMI protects the lender in case you default on the home loan. This premium is paid monthly and is factored into your mortgage payment. For specific questions regarding PMI, please contact our Mortgage Services department at850.862.0111, Option 3, during business hours.

What are closing costs?
If you are applying for a mortgage loan, there may be closing costs associated with it. The closing costs include fees for the credit report, flood certification, employment verification, appraisal, title, survey, and recording, etc. Please note this does NOT include prepaid items or escrow-related costs. Your lender will provide a detailed breakdown of these expenses early in the loan process so you know what to expect. For specific questions regarding mortgage closing costs, please contact our Mortgage Services department at 850.862.0111, Option 3, during business hours or via secure email.

What is a subordination agreement?
Typically, mortgage liens are prioritized in the order they are recorded in public records. However, if you refinance your mortgage or take out a second lien, the lender may require a subordination agreement for an existing lien to ensure the new loan is recorded in the correct lien position. For specific questions about subordination agreements, please contact our Mortgage Services department at 850.862.0111, Option 3, during business hours or via secure email.

What is a mortgage rate lock?
Once you lock in the interest rate on your mortgage loan, the lender will honor that rate for a set period while you complete the loan process. For specific questions about rate locks, including any associated costs or restrictions, please contact our Mortgage Services department at 850.862.0111, Option 3, during business hours or via secure email.