VA Home Loans
BayCoast Mortgage is honored to help service members, veterans, and eligible surviving spouses become homeowners. Through the Department of Veterans Affairs (VA), we are proud to offer VA housing-related programs to help you buy, repair, retain, or adapt a home for your own personal occupancy.
VA Home Loans
Looking to buy a home? If you’re a veteran or active service member, a VA Home Loan may be an option for you. VA Loans typically provide eligible borrowers with more flexible criteria than conventional loans.
One of the biggest advantages of this type of loan is that qualified veterans and military members can make a purchase without a down payment, which may help speed up the homeownership process. VA Loans also generally offer lower interest rates for both fixed-rate and adjustable-rate mortgages. Because no Private Mortgage Insurance (PMI) is required, a VA Loan may be a much more affordable option for military families.
Benefits of a VA Home Loan include:
Additional Services for Veterans from the BayCoast Family of Financial Solutions
Veterans Benefits Banking Program (VBBP)
BayCoast Mortgage is a wholly owned subsidiary of BayCoast Bank, a long-time community savings bank with a reputation for excellence serving the South Coast of Massachusetts and Rhode Island. BayCoast Bank is proud to partner with the Veterans Benefits Banking Program (VBBP), offering safe and reliable banking solutions for service members, veterans, and eligible surviving spouses. The program helps veterans and their beneficiaries manage their monetary benefits by opening a savings or checking account with direct deposit.
BayCoast Bank’s Honor Checking
Designed for active and retired armed services personnel and veterans, one direct deposit per statement cycle waives the monthly maintenance service charge. Earn interest if your average daily balance exceeds $500.00 per statement cycle.
More Details
- $10 opening balance
- Free yearly order of blue custom creations checks
- Zero non-BayCoast Bank ATM* service fees
- Refunds on fees from non-BayCoast ATMs up to $25 per statement cycle
- One free, no-fee Statement Savings account
*ATM owner may charge a separate fee. BayCoast Bank – Member FDIC / Member DIF
Financial Education Support for Veterans
BayCoast is your local resource for meaningful financial literacy programs that are available at no cost to you on our website. Learn how to take charge of your money and get confident about your personal finances. Whether you need to learn how to create a budget, control debt, improve your credit score, or find strategies to help boost your savings, the BayCoast family is here to help you achieve financial well-being. Explore our free, online financial modules today to help increase your money knowledge so you can pursue your dreams and build a successful financial future.
Start your journey to homeownership
Our experienced lending professionals are here to assist you every step of the way. Visit our local branches or call us at 508-678-7641 to get started. You can also apply conveniently online.
