FINANCING THAT HONORS YOUR SERVICE
At Dakotaland Federal Credit Union, we are proud to serve those who have served our country. We work with the VA to offer low-cost, accessible veterans’ mortgage loans with little or no down payments to eligible veterans and current service members. Apply today, or get in contact to discover how Dakotaland can make the dream of homeownership possible for you.
BENEFITS OF VA HOME LOANS
COMPETITIVE RATES
Access special lower rates. Save money on interest and make smaller monthly payments.
NO/LOW DOWN PAYMENT
Get into a home of your own sooner with low or zero-down payment options.
NO PMI REQUIRED
VA Home Loans are backed by the VA and do not need private mortgage insurance (PMI).
COMPETITIVE RATES
Access special lower rates. Save money on interest and make smaller monthly payments.
NO/LOW DOWN PAYMENT
Get into a home of your own sooner with low or zero-down payment options.
NO PMI REQUIRED
VA Home Loans are backed by the VA and do not need private mortgage insurance (PMI).
VA LOAN DETAILS
VA Home Loans make it easier for eligible service members and veterans to buy a home of their own. Backed by the federal government, VA Loans offer lower costs and more flexible terms to help military families get a foot on the property ladder.
At Dakotaland, our VA Home Loans often include:
- Lower rates than conforming or FHA loans
- Up to 100% financing (no money down)
- More generous credit requirements
- A one-time VA funding fee (generally rolled into the overall cost of the loan)
- Fully backed by the federal government
Dakotaland works with our mortgage partner, Servion, to originate and service our VA home loan program, allowing us to offer the most generous credit terms.
Your loan won't be sold, so you'll continue working with the same Servion mortgage team until your loan is paid off.
Think a VA loan may be right for you? Contact us to find out more, or click below to start your online application today.
CALCULATE YOUR MONTHLY PAYMENT
Use this calculator to determine your monthly payment
VA HOME LOAN RESOURCES
Real Estate Servicing
At Dakotaland, we build long-term relationships — and that commitment extends to your home loan. We work with our loan-servicing partner, Servion Mortgage, to support you as you pay off your loan.
Debt Management
Need help managing an existing loan or high-interest debt? Now you can take control of your finances with a free review and confidential guidance from our certified financial counselors.
Make A Payment
Now it’s easier than ever to make your monthly loan payment with our online and mobile banking services. Pay instantly from wherever you are or automate your payment for maximum peace of mind.
Frequently Asked Questions
A VA Home Loan is a mortgage designed to benefit veterans and active duty service members. VA loans offer more generous lending terms and are backed by the federal government through the U.S. Department of Veterans Affairs.
VA loans offer lower interest rates than comparable conventional or FHA loans. They also provide up to 100% financing of the purchase loan amount, which means qualified borrowers may be eligible for a low or no down payment. VA loans also feature more flexible credit score requirements than conventional loans, require no private mortgage insurance, and are guaranteed by the federal government.
Veterans, active-duty service members, reservists, National Guard members, and some eligible surviving spouses of veterans may qualify for a VA loan. Applicants who meet eligibility requirements must provide a Certificate of Eligibility issued by the U.S. Department of Veterans Affairs.
No, VA home loan assistance is a lifelong benefit, meaning it can be used for a first and subsequent home purchases.
VA Home Loans can be used to finance the purchase of a wide range of home types, including:
- Single-family homes
- Condominiums in VA-approved developments
- Multi-unit properties with up to four units, if you live in one of the units
- Manufactured homes that meet VA guidelines
- New construction homes
Second homes and investment properties typically do not qualify for VA assistance.
EXPLORE MORE HOME LOANS
Home Loans
Dakotaland offers a range of innovative home financing solutions designed to help you buy, build, or tap your equity to reach your goals.
Construction Loans
Looking to build a home and need financing? Let our experienced team help with planning and making the best financing decision for your project.
Home Equity Lines of Credit
Turn the equity you hold in your home into a line of credit you can tap for cash to improve your home, pay off debt, or manage unexpected or ongoing costs.
