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VA Loans thank our military.

Eligible military service members, veterans, and surviving spouses, our VA Loan offers you a well-deserved discount.
vetgeran couple with a VA loan from CCCU

What is a VA Home Loan?

A VA Home Loan is guaranteed by the U.S. Department of Veteran Affairs (VA) as a military benefit to qualified service members, making homeownership more affordable.

At CCCU, you'll enjoy:

  • No down payment requirement
  • No Private Mortgage Insurance requirement
  • No loan origination fee
  • Competitive loan limits - up to $4,000,000
  • Lower credit score requirements

Curious if you are eligible for a CCCU VA Loan? Find out now.


Start your VA Loan application

Benefits of a VA Home Loan

If you're looking for one of the best VA Loan lenders around, CCCU is ready to deliver. VA Home Loans are government-backed by the U.S. Department of Veteran Affairs (VA) and offer many benefits to those who qualify.

We’re here to help you through the home buying experience by providing great rates, no origination fee, and plenty of membership perks.

Young man running home from the military, looking to purchase a home with a VA loan through CCCU Credit Union in Portland Oregon.

Low Rates & Fees

We don't charge an origination fee for VA Loans, plus our rates and closing cost charges are lower than most conventional mortgages.

No Money Down

We don't require a down payment for VA Loans, so you can buy a house now without waiting years to save.*

No PMI Required

Because we don't require Private Mortgage Insurance (PMI) for VA Loans, you'll save money each month.

Flexible Options

We're here to help you purchase a home, refinance, renovate, and get cash back. Contact us for a free consultation today!


VA Loan Calculator

Our competitive VA Loan rates, no origination fee, and no down payment requirements make it easier for you to achieve your financial goal of homeownership. Explore how affordable your monthly mortgage payment could be with CCCU!1


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How does a VA Home Loan work?

If you are a veteran or currently serving in the military, you may qualify for a VA Home Loan. These loans are backed by a government agency, allowing CCCU to offer more flexibility and fewer home loan requirements. You can benefit from easier credit score requirements, lower interest rates, no down payment due at closing, and no monthly mortgage insurance requirements.

VA Loans are a great way to thank our current and past service members for the safety and security they have provided our country! See if you are eligible for this mortgage option.

Applying is easy, either online or directly with our local lending team.

Woman in military filling out online application for VA loan through CCCU credit union.
American flag swinging on front porch of military officer who got a VA loan through CCCU credit union in Portland Oregon

Document Checklist for VA Loans

While each VA Home Loan applicant is different, here are some documents you can have available as you complete your mortgage application:

  • Government ID
  • Recent pay stubs
  • 2 years of tax returns
  • 2 years of W-2 statements
  • Bank account statements
  • COE (Certificate of Eligibility)
  • DD-214 (Statement of Service or Points Statement)

If applicable: VA disability awards letter, Social Security awards letter, divorce decree, bankruptcy discharge letter, and bankruptcy history.

If you have any questions about the required documents, please call 503.963.6666 to talk with one of our mortgage experts or stop by a local branch.

Minimum Credit Score for a VA Loan

VA Home Loans offer many benefits! One of our favorite features is the lower credit score requirements. While we feel our strong commitment to our community is shown through our reasonable traditional mortgage standards, this home loan offers even more flexibility when it comes to credit scores.

CCCU is proud to offer this VA Loan to members with credit scores as low as 620, with a minimum of two open trade lines. We may consider non-traditional credit on a limited case-by-case basis.

If you have questions about your specific financial situation and would like to speak to one of our mortgage experts, please call us at 503.963.6666 or stop by one of our local branches today.

Man with his dogs at home after purchasing new house with VA Loan from CCCU credit union in Portland Oregon

Mortgage options


USDA Loans

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FHA Loan

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Physician Home Loan

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First Time Home Buyer

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VA Loan

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ITIN Mortgage

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Jumbo Loan

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CCCU Mortgage ebook Cover - How Much House Can I Afford

Discover how much house you can afford!

Our financial education experts have compiled this great guide to help you determine how much house you can afford. 

Ready to get started? Download your guide now:

What our members are saying:

“My loan officer, Brad, was amazing, knowledgeable, and very responsive! He did a great job with my home mortgage loan and explained everything to me before I could even ask, and was very transparent about the process and the documentation. My house closed very quickly as a result of his hard work, which I really appreciated!”

Lily C.

“I am a first-time home buyer and Brandon/CCCU team made the process so easy while still getting the best rates available. Every question or concern, big or small, was answered so quickly. The personalized attention was so wonderful that I used them to also purchase my 2nd home years later. I highly recommend Brandon and his team!”

Ken N.

"Everything from getting the pre-approval to our actual mortgage for our new home was seamless. This was the most friendly, helpful and efficient process that anyone could hope to receive. Thank you everyone at CCCU!"

Larry D.

VA Loan Frequently Asked Questions

How do I show that I’m eligible for a VA loan?

To demonstrate eligibility, you’ll need to provide a valid Certificate of Eligibility (COE). Your loan officer can obtain the COE for you through the Department of Veterans Affairs.  A copy of your DD-214 may be needed to request the COE.

What is title insurance and why do I need it?

If you've ever purchased a home before, you may already be familiar with the benefits and terms of title insurance. But if this is your first home loan or you are refinancing, you may be wondering why you need another insurance policy.

The answer is simple: The purchase of a home is most likely one of the most expensive and important purchases you will ever make. You, and especially your mortgage lender, want to make sure the property is indeed yours: That no individual or government entity has any right, lien, claim, or encumbrance on your property.

The function of a title insurance company is to make sure your rights and interests to the property are clear, that transfer of title takes place efficiently and correctly, and that your interests as a homebuyer are fully protected.

Title insurance companies provide services to buyers, sellers, real estate developers, builders, mortgage lenders, and others who have an interest in real estate transfer. Title companies typically issue two types of title policies: 1) Owner's Policy. This policy covers you, the homebuyer.2) Lender's Policy. This policy covers the lending institution over the life of the loan.

Both types of policies are issued at the time of closing for a one-time premium, if the loan is a purchase. If you are refinancing your home, you probably already have an owner's policy that was issued when you purchased the property, so we'll only require that a lender's policy be issued.

Before issuing a policy, the title company performs an in-depth search of the public records to determine if anyone other than you has an interest in the property. The search may be performed by title company personnel using either public records or, more likely, the information contained in the company's own title plant.

After a thorough examination of the records, any title problems are usually found and can be cleared up prior to your purchase of the property. Once a title policy is issued, if any claim covered under your policy is ever filed against your property, the title company will pay the legal fees involved in the defense of your rights. They are also responsible to cover losses arising from a valid claim. This protection remains in effect as long as you or your heirs own the property.

The fact that title companies try to eliminate risks before they develop makes title insurance significantly different from other types of insurance. Most forms of insurance assume risks by providing financial protection through a pooling of risks for losses arising from an unforeseen future event, say a fire, accident or theft. On the other hand, the purpose of title insurance is to eliminate risks and prevent losses caused by defects in title that may have happened in the past.

This risk elimination has benefits to both the homebuyer and the title company. It minimizes the chances that adverse claims might be raised, thereby reducing the number of claims that have to be defended or satisfied. This keeps costs down for the title company and the premiums low for the homebuyer.

Buying a home is a big step emotionally and financially. With title insurance you are assured that any valid claim against your property will be borne by the title company, and that the odds of a claim being filed are slim indeed.

Do you have any favorite realtors you could recommend?

CCCU's Realtor Network gives you access to trusted realtors in the Portland area. As we work with realtors, we will update our website to ensure that you're getting the quality products and services you deserve, from mortgage pre-approval to your closing date.


Who will help me if I have a question about my mortgage application?

CCCU offers a team of mortgage experts that are ready to help you from the beginning of the application through closing on your new home. Meet our Mortgage Team or call 503.963.6666 to get more information on a mortgage loan product.

Who is eligible for a VA loan?

To qualify for a VA loan, you or your spouse must have served: 

  • 90 consecutive days of active service during wartime
  • 181 days of active service during peacetime
  • More than 6 years with the National Guard or Reserves

You have to meet at least one of the service requirements mentioned above. If you haven’t, you must be the spouse of a military member who lost their life in the line of duty, or as the result of a service-related disability. You usually can’t have remarried.

Note: Co-borrowers on a VA loan must be a veteran themselves or the primary borrower's spouse.

Is there an application checklist for purchase and refinance applications?
Yes! We have a purchase application checklist as well as a refinance application checklist for your convenience.

Here is a list of some of the things that will make it easier to complete your loan application when you're applying to purchase a home.

    • Your current residence address, or addresses, for the past two years.
    • Social Security numbers/date of birth for all borrowers.
    • Number of dependents and ages.
    • Your employment history for the past two years. You'll need your employer(s) name, address and phone number.
    • Income information for the past two years:
      • Salaried and Hourly Employees:
        • 30 days worth of pay stubs for each applicant
        • W2's for the past 2 years
        • Complete federal tax returns for the past 2 years
      • Commissioned, Bonus or 1099 Income:
        • Complete federal tax returns for the past 2 years (Including W2's, 1099's and all schedules)
      • Self Employed:
        • Complete federal tax returns for the past 2 years (Including W2's, 1099's and all schedules)
    • Two most recent tax returns (ALL SCHEDULES)
    • The price of the home you are buying, and how much you'd like to borrow toward the purchase.
    • The address of the property you are planning to purchase.
    • Bank and brokerage account information, including the institution name and current balances
    • If you own any real estate, we'll have some basic questions, including address, current market value, the amount you owe, the rental income you receive (if any), and what your monthly payment is.
    • Information about your current debts. We'll ask for the name of the creditor, the account number, the current balance owing and the amount of your monthly payment.

Here is a list of some of the things you may need to apply to refinance your current mortgage.

Based upon the type of refinance you are doing, some, or even most of the items on this checklist may not be necessary.

    • Your current residence address, or addresses, for the past two years.
    • Social Security numbers/date of birth for all borrowers.
    • Number of dependents and ages.
    • Your employment history for the past two years. You'll need your employer(s) name, address and phone number.
    • Income information for all borrowers. You'll be asked to include salary, overtime, bonuses, commissions, interest/dividend, retirement income and any other regular source of income.
    • The year you purchased the property being refinanced, its original cost, current loan balance and payment amount (are taxes and insurance included?).
    • Bank and brokerage account information, including the institution name and current balances.
    • If you own any real estate (other than the property you're refinancing), we'll have some basic questions including, address, current market value, the amount you owe, the amount of rental income you receive (if any), and what your monthly payment is.
    • Information about your current debts. We'll ask for the name of the creditor, the account number, the current balance owing and the amount of your monthly payment.
What is your rate lock policy?

The interest rate market is subject to change without advance notice. Locking in a rate protects you from the time that your lock is confirmed to the day that your lock period expires.

Lock-In Agreement
A lock is an agreement between the borrower and the lender and specifies the number of days for which a loan's interest rate and points are guaranteed. Should interest rates rise during that period, we are obligated to honor the committed rate. Should interest rates fall during that period, the borrower must honor the lock.

When Can I Lock?
It is your sole responsibility to inform your Loan Officer when you are ready to lock in your loan rate.

Although fairly uncommon, there are instances where a fee is required, such as on an extended lock.

Lock Period
We offer a wide variety of lock-in periods. 15, 30, 45 and 60 day locks are most common, but extended locks are also available, if needed. Your loan must close and disburse within this number of days from the day your lock is confirmed by us.

Lock Confirmation
Interest rates change often and may be subject to change at any time without notice. Your loan will be subject to interest rate changes until the interest rate is locked in and confirmed by your Loan Officer.

Lock Changes
Once we confirm your lock, your loan is committed into a secondary market transaction. Therefore, any changes to the lock commitment due to extending the lock or changing loan terms may require additional fees. If your loan is not approved or does not close by the date specified for any reason, the locked in rate will be subject to change and certain fees may apply or be forfeited.

Membership eligibility required. All loans subject to credit approval. Rates based on creditworthiness, purchase price, and down payment amount; are based on purchase of primary residence; are subject to change without notice. CCCU VA Loan program features are subject to availability and approval.  

[1] Information and interactive calculators are made available as self-help tools for independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regard to individual circumstances. All examples are hypothetical and are for illustrative purposes. Seek personalized advice from qualified professionals regarding all personal finance issues. Actual rate, payment and costs could be higher. Get an official loan estimate before choosing a loan. Contact credit union for more details. 

We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act.