VA Loan Benefits

VA Loans make homeownership easy and accessible for military families. Take advantage of exclusive benefits that are designed to support those who serve.

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Competitive Rates
Tap into some of the lowest interest rates1 on the market to keep your payments low.
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PMI Not Required
Unlike conventional loans, VA Loans do not require PMI, saving you extra every month.
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Flexible Credit Requirement
Credit score requirements for VA Loans are more lenient compared to traditional home loans.
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Limited Closing Costs
The VA limits the amount veterans can pay in closing costs, which reduces the upfront cost of buying a home.2
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VA Loans (1)

VA Loan Rates

Take advantage of competitive VA Loan rates to make your homeownership dreams a reality! We originate these loans for our members and are with you throughout the entire process. When it comes to government mortgage loans like VA and FHA Loans, we receive help behind the scenes from investor partners to underwrite, fund and close the loan. Call our dedicated loan specialists today to learn the current VA loan rates.

CALL 623.580.6020 FOR RATES

Apply For A VA Loan In 4 Easy Steps

STEP

1

Inquire Online

Conveniently apply online or give us a call at 623.580.6020 for your initial mortgage inquiry. Don’t worry, no credit will be pulled in this step.

STEP

2

Get A Quote

We’ll review your inquiry and reach out to talk through the details. We’ll provide an estimate of how much you might be able to borrow for a home loan.

STEP

3

Pre-Qualify

Once you’re ready to start house shopping, you'll complete a secure, online mortgage application and provide required documents. A hard credit pull takes place and, if qualified, you will receive your prequalification letter.

STEP

4

Close And Celebrate

After you’ve found the perfect home, you’ll finalize your new mortgage by signing the loan documents. Then, it's time to celebrate!

★★★★★

“The whole process was super easy. I’m a first time buyer so I didn’t know what to expect, you guys made it easy and almost fun.”

-Hailee S

★★★★★

“The Copper State team was on top of everything from prequalifying to closing on our new home. We couldn’t be more satisfied with their service they were very professional and informative.”

-Andrew L

★★★★★

“Good communication and helped us close on our first home! Thank you team!”

-Elijah T

Mortgage Calculator

See how much you can save with a VA Loan using our home loan calculator. Adjust the rate and loan term to see what works with your budget. Like what you see? Email yourself the results for reference.

Your actual term and payment will be provided upon acceptance of a Copper State CU loan. This calculator is for informational purposes only and its use does not guarantee an extension of credit.
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Answers To Some Frequently Asked Questions

How do VA Loans work?

VA Loans are mortgages that are backed by the U.S. Department of Veterans Affairs (VA). They are designed to help eligible veterans, active-duty service members and certain surviving spouses purchase or refinance a home. Borrowers must obtain a Certificate of Eligibility (COE) from the VA to qualify. While there is a one-time VA funding fee, it can often be rolled into the loan.2

Is a down payment required for a VA Loan?

A down payment is not required for a VA Loan, which can help you become a homeowner faster.

Do VA Loans require private mortgage insurance (PMI)?

VA Loans do not require PMI, which is a key benefit. This helps you keep your monthly payments low.

Can VA Loans be used for investment properties or vacation homes?

VA Loans can’t be used to purchase investment properties or vacation homes. They are intended for primary residences.

Are there any prepayment penalties for VA Loans?

There are no prepayment penalties to make extra payments or pay off your loan early.

I’m self-employed. Can I qualify for a VA Loan?

Many self-employed individuals qualify for VA home loans. However, additional documentation may be required to verify your income, like tax returns, profit and loss statements, bank statements and other documents as requested.

Can I use a VA Loan to purchase a manufactured or modular home?

A VA Loan can be used to purchase a manufactured or modular home. However, the home must meet certain requirements set by the VA and the lender. For example, the home must be permanently fixed to a foundation, classified as real property and meet local and VA standards for safety and livability.

Are VA Loans only for first-time homebuyers?

VA Loans are not just for first-time homebuyers!3 In fact, many veterans use VA Loans to purchase their second or third home or even to refinance their current mortgage.

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Disclosure

1APR=Annual Percentage Rate. Rates, terms and conditions are subject to change and may vary based on credit worthiness, qualifications and collateral conditions. All loans are subject to approval. For a $250,000 loan with a 20% down payment a 6.679% APR for a 30 year term, the monthly payment would be $1,264 (excluding property tax and insurance); for a $250,000 loan with a 20% down payment at 6.289% APR for a 15 year term, the monthly payment would be $1,688 (excluding property tax and insurance). 1% Origination Fee may apply.

2A one-time processing fee is charged as a part of your mortgage loan.

3First-time homebuyer is defined as an individual who has never owned a home before, an individual who has not owned a home for at least three years and for married couples, if one spouse is a homeowner but the other spouse has never owned before, then, according to the FHA, both spouses are considered first-time homebuyers.

 

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