Chesterfield FCU’s Reverse mortgage comes as a special type of Home Equity Conversion Mortgage especially for those members who are 62 years old or older to allow the home equity to work for them. The borrowers can use the tax-free money for many purposes such as new home purchase, or living expenses. There is no qualification of income or credit at all.
Talking about home mortgages, there are several great types to consider at the credit union. There are Conventional mortgages with low closing costs, FHA loans with low down payments, VA loans without down payments, USDA with no down payments and Jumbo loans.
Founded in 1963, Chesterfield Federal Credit Union is a member-owned, not-for-profit financial cooperative serving the more than 12,500 members with a wide variety of member banking services at competitive rates in the state of VA.
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6737 Public Safety Way, Chesterfield, VA 23832