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Our Lobbies are by Appointment Only. Please refer to our Locations page for the hours for each branch. 
Home Mortgage Loans<span>Helping You Achieve the American Dream</span>

Home Mortgage LoansHelping You Achieve the American Dream

We're With You Every Step of the Way

Whether you are buying or building, a first-time home buyer, or purchasing land, the experienced mortgage team at Virginia Commonwealth Bank is here to help make your dreams come true. We offer numerous mortgage solutions with competitive rates and will work with you closely to accommodate your personal and financial goals.

Review our products below or choose a mortgage expert in your area to help you begin your mortgage loan process. However you decide to proceed, the good news is we have your back from application to close and will be there with you every step of the way!

Loan InquiryLocal Mortgage Experts

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Home Purchase Loans

Traditional mortgage loans whether you're looking for fixed or variable rates.

Learn More

Equity Loans & Refinancing

Use your home's equity to get a flexible spending account or to refinance.

Learn More

Alternative Loans

Whether it's jumbo loans, USDA or VHDA loans, lot loans and more - we can help.

Learn More

<div id="home-purchase-loans">Fixed Rate Home Loans</div>

Fixed Rate Home Loans

With a fixed rate Mortgage from VCB, your monthly principal and interest payment schedule will never change, so you can calculate your housing costs for the life of the loan.

When choosing a fixed rate mortgage, consider these factors:

  • The longer the term of the loan, the higher the overall interest you pay
  • Monthly payments are typically higher on shorter term loans than longer term loans
  • The shorter the term, the faster you build equity in your new home
  • Easy application process

Loan Inquiry

Construction-To-Permanent Loan

If you've decided you want to build your new home, you may be able to use our Construction-To-Permanent program to help get your dream started. A Construction-To-Permanent Mortgage Loan is designed to take you from purchasing the lot through completion of construction and securing your permanent financing, all with one loan closing.

Another great benefit of a Construction-to-Permanent loan is it will automatically be converted to an amortizing loan once your construction is complete. During the construction phase, the monthly minimum payment is interest-only, meaning you only pay on the amount of money used in the project thus far. Upon completion of your project, you’ll have the option to select the right term for your budget and at that time, the loan becomes a fully amortizing loan.

If choosing a construction or renovation loan, consider the following:

  • These loans require a licensed contractor to conduct and oversee the construction project
  • Up to 95% Loan-to-Value

Loan Inquiry

Adjustable Rate Home Loans

With an adjustable rate mortgage (ARM), payments and interest rates initially may be lower and you may qualify for a higher mortgage loan amount. Your initial interest rate can be fixed for a set period of time, while your mortgage payments are calculated on a variety of terms. An ARM is a good choice if you expect a possible increase in future income or net worth.

When considering an adjustable rate mortgage, remember these factors:

  • Your interest rate will rise and fall with the market. This means your monthly payments will change depending on the market interest rate at the time of your rate adjustment.
  • After your initial rate period, your rate for the loan will fluctuate to the index rate. The lender adds the index rate to the margin to calculate your mortgage rate at each adjustment.
  • Adjustable rate mortgages do offer safeguards called “caps” that set pre-determined limits on how high your mortgage rate can rise. A cap limits the maximum your payment will increase at each interest rate adjustment and also over the life of the loan.

Loan Inquiry

Take Advantage of Your Homes Equity

Home Equity Line of Credit (HELOC)

Our home equity line of credit (HELOC) is designed to help you use the equity in your home as a flexible spending account to use as you need the funds. If you're considering home renovations or planning for a major expense, a HELOC is a great option. Enjoy Convenient Features like no fees on cash advances and low, variable interest rates based on the Wall Street Prime Rate.

Mortgage Refinancing

Wondering what the advantages of refinancing your current mortgage are? The mortgage experts at VCB can help answer your questions and make suggestions on the best product that will help you take advantage of your current home's equity, likely reducing your monthly payment or even shortening the term of your loan.

Get Started

Alternative Mortgages & Loans

Jumbo Mortgages

A Jumbo Mortgage is a home loan that does not fit the standard terms of a conventional mortgage. So if you’re seeking to purchase a luxury home, a home with large amounts of property, or maybe even a dream castle, a VCB jumbo loan will help make your dream a reality.

Loan Inquiry

USDA Loans

USDA (U.S. Department of Agriculture) offers Rural Development (RD) loans which are a great option if you are looking to finance a home in a rural or suburban area. This program offers low rates without the requirement of a down payment for qualified properties.

Loan Inquiry

Portfolio Loans

At VCB, because we are a locally-owned community bank, we are able to make local decisions and offer a variety of portfolio loan products. If you are denied for a loan somewhere else but have good credit and believe you are a strong candidate for a mortgage, asking about our portfolio loan program is the smart thing to do.

Buying your dream home takes patience, and persistence. That’s why we are here to help you from application to closing.

Loan Inquiry

Lot Loans

If you’ve found that perfect piece of land to build your dream home on, the mortgage experts at VCB can help you choose the best financing options.

Loan Inquiry

FHA & VA Loans

Have limited funds for a down payment and do not have an establised credit history? With low down payments and flexible qualification guidelines an FHA loan might be the loan for you! If you're an active military member or veteran or are a survivng spouse of a service member, take advantage of a low down payment, no mortgage insurance, and flexible qualification guidelines with a VA loan. 

Loan Inquiry

VHDA Loans

VHDA loans, offered by the Virginia Housing Development Agency, are also available for first-time home buyers. Please contact us for more details. 

Loan Inquiry

Find Your Local Mortgage Expert

Our staff of home mortgage lending experts are ready to help you with your borrowing needs. Whether you're a first-time home buyer, or building or purchasing a vacation home, our seasoned mortgage experts are here to make your dream come true.

See Mortgage Experts

Real Estate Loan Inquiry

Once you have completed the below information, please click Submit. One of our local mortgage experts will contact you. Thank you for choosing Virginia Commonwealth Bank for your financial needs!

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