Getting a mortgage is a major milestone, and Karla wants to be there with you. Our mortgages are the perfect options for first-time homebuyers in Virginia and for anyone who's buying a home or refinancing a mortgage. We'll save you money with competitive rates and time with an easy application process and quick closing. Let us provide the financing key to your next phase of life.

Conventional Fixed-Rate Mortgage

Traditionally the most popular type of mortgage, this loan type offers two options- fixed rate or adjustable rate mortgages (ARMs). You can choose between 10, 15, 20, and 30 year programs. 

FHA Loan

FHA loans are insured by the Federal Housing Administration (FHA) and ideal for first-time homebuyers seeking a low down payment. These loans can be fixed rate or adjustable rate mortgages (ARMs). 

VA Loan

With a low-rate and no-down payment required, this option offers long-term financing to eligible American veterans of their surviving spouses. These loans provide easier qualifying terms and no monthly mortgage insurance.

5/5 Adjustable-Rate Mortgage

If you plan to stay in your home for a short time, this loan is for you. Our 5/5 Adjustable-Rate Mortgage features a rate 1% lower than the stated 30-year fixed mortgage^. Rate adjusts once every five years and can only change up or down by a maximum of 2% during each five-year period and a maximum of 5% for the life of the loan

Renovation Loan

This loan is a great way to finance the cost of repairs, upgrades and remodeling when purchasing or refinancing, FHA 203(k) Streamline and Standard options are available.


If you've had your mortgage for several years, now could be the ideal time to refinance to a lower interest rate. Available for conventional fixed-rate mortgages, adjustable-rate mortgages and FHA loans with quick in-house processing.

When you're ready to discuss your home loan options, contact Karla Davis at 757-877-2444 ext. 3426 or

Karla Davis

^Offer available for owner-occupied purchase and refinance. Investment properties not eligible. The initial rate can change every five years by no more than 2% up or down, never to exceed 5%. The new rate will be current CMT index plus a margin of 2.50% and no lower than 2.99%. Floor rate will .50% below start rate. For loan amounts up to $417,000. Property insurance is required, flood insurance may be required. Certain restrictions apply. Limited time offer. Available on approved credit. Contact 1st Advantage Federal Credit Union for complete details.