Honoring Heroes: Origin Bank’s Commitment to Veterans & Their Families
From products like VA Home Loans and Hero Checking to inclusive hiring initiatives and volunteer opportunities, Origin Bank goes beyond traditional banking to support our Veterans. Read on to learn about Origin initiatives specifically tailored to assist Veterans and active duty service members.
VA Home Loans
When the VA Home Loan program was introduced as part of the GI Bill in 1944, it addressed unique challenges Veterans face when navigating the home-buying process. This assistance opened the doors to homeownership for active-duty military service members, Veterans, and their families, making home ownership more accessible and less daunting.
A VA home loan is considered an unconventional or government loan, meaning the U.S. government is responsible for repaying a portion of the loan if the borrower defaults on payments. This lower risk for lenders makes VA mortgages easier to secure than standard loans.
Benefits of a VA home loan from Origin Bank include:
1. No down payment requirement as long as the sales price isn’t higher than the home’s appraised value
2. No private mortgage insurance (PMI) requirement
3. Minimum 580 credit score
4. No prepayment penalty
5. A lifetime benefit (meaning you can use the guaranty multiple times)
In order to qualify for a VA loan, you must be:
● An active-duty service member or an honorably discharged Veteran with 90 consecutive days of non-training related service.
● Someone who has served more than six creditable years in the Army National Guard, Air National Guard, or the Selected Reserve.
● The spouse of a Veteran who is missing in action, a prisoner of war, or who died in service or service-connected disability.
Hero Mortgage and Hero Checking
In addition to the support offered by the VA Home Loan program, Origin Bank has its own Hero Mortgage program. To help our friends on the frontline achieve their goal of homeownership for a primary residence, Origin Bank waives all origination, underwriting, processing and administrative fees on mortgage loans.
Additionally, Origin offers Hero Checking benefits, waiving monthly service charges on every Simple Checking account opened by a community hero. Whether you’re active duty military, a Veteran, or a first responder, Origin Bank goes the extra mile to recognize and support you financially. Click here to see if you qualify.
Beyond Banking
Origin Bank's commitment to Veterans extends into our workforce through hiring initiatives and community engagement opportunities.
Through our hiring practices, Origin provides opportunities for Veterans and active-duty service members transitioning to civilian life. We strategically place job postings on sites that cater to service members and Veterans, ensuring that careers at Origin Bank are accessible to those with a military background.
Additionally, Origin Bank supports Veteran organizations through Project Enrich, our employee volunteer program. Project Enrich goes beyond traditional banking, offering full-time employees up to 20 hours of paid time off to volunteer with organizations focusing on an area of their choice. From community development initiatives to charities like East Texas Disabled American Veterans, Origin Bank encourages employees to volunteer with causes they care about. Here are just a few of the Veteran organizations we support across our markets:
• East Texas Disabled American Veterans
From VA home loans to Hero Checking, Origin Bank is committed to actively supporting Veterans and their families. If you have questions about how to access any of these resources, connect with one of our trusted advisors and learn how our Veteran programs could benefit you.