VA Loan
A Guide To Rates, Eligibility Requirements, And More For America’s Veterans
What is a VA loan?
A VA mortgage is fully backed by the U.S. government and is one of the most attractive and flexible mortgages available.

It was specifically designed to honor our Veterans and active-duty military personnel and assist them with getting into a home of their own.

A VA loan offers up to 100% financing for borrowers with sufficient entitlement to qualify. It also has more lenient credit and qualifying guidelines compared to Conventional mortgages. Even better, a VA mortgage does not require monthly private mortgage insurance, which could result in hundreds of dollars in savings annually.
Can I qualify for a VA home loan?
VA home loans are available exclusively to qualifying active-duty service members, veterans, reserve members, National Guard members, and eligible surviving spouses. To qualify for a VA loan, you must have sufficient credit and income and a valid Certificate of Eligibility (COE). Get pre-qualified now to get the process started!

If you are unsure if you meet these requirements, be sure to check with your local Loan Officer. They’ll be able to look at your specific situation and help you figure out if you can qualify for VA financing.

You can also Refinance your existing VA loan and obtain a lower rate with a VA Interest Rate Reduction Refinance Loan (IRRRL) or a cash-out refinance loan.
How much is the down payment for a VA mortgage?
A down payment as low as 3.5% is available through an FHA home loan. This amount may even be covered through a gift from a family member or by down payment assistance through state or local government programs. Ask your Loan Officer for available options in your area. If you’re not sure you can qualify for a mortgage, speaking to a loan officer who specializes in FHA financing may be a great place to start. Get pre-qualified now and we’ll review your current financial situation and credit score to help you find the best option for you.
Understand the Impact of Your Credit
One of the most appealing benefits of a VA mortgage is that, in most cases, a down payment is not required. That means you can finance up to 100% of the loan as long as the amount is at or under the local conforming limits.

Not sure if you qualify for a VA home loan or if you meet the guidelines to buy a home with no down payment? Contact your local Loan Officer to get pre-qualified today and discover how to take full advantage of your much-deserved VA benefits.

VA Home Loan Benefits

  • Buy a home with no down payment
  • No monthly private mortgage insurance
  • Use a VA mortgage even if you’ve used your benefits in the past
  • Flexible qualifying criteria with lower credit score requirements
  • The VA allows sellers to assist with up to 4% of closing costs

© 2020 Prime Home Loans, Inc. All rights reserved. From start to finish, Prime Home Loans, Inc has dedicated team members with a direct point of contacts available to clients and realtors alike. You will have the convenience of speaking directly to someone that is working on your file and will have an immediate feedback on the status of the mortgage process.

Main Office
2444 Duluth Hwy Suite #101 Duluth, GA 30097
T (678) 638-1447
F (800) 878-3207
E-mail : info@phl101.com

New Jersey Office
725 Grand Ave Suite 105A Ridgefield, NJ 07657
T (678) 638-1447
E-mail : info@phl101.com

Texas Office
8000 West IH 10, Suite 600 San Antonio TX 78230
T (678) 638-1447
E-mail : info@phl101.com

Prime Home Loans, Inc. NMLS #98975; NMLSConsumerAccess.org. Equal Housing Lender. Licensed in. AL - Consumer Credit License #20786; AL – Mortgage Brokers License #21657; FL – Mortgage Lender License #MLD1554; GA – Mortgage Lender License/Registration #14971; MD – Mortgage Lender License #22966; MI – 1st Mortgage Broker/Lender License #FL0022835; SC-BFI – Mortgage Lender / Servicer License #MLS-98975; TN – Mortgage License #109087; TX-SML – Mortgage Company License; VA – Broker License / Lender License #MC-6798. Conditions may apply.