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VA Loan Program

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VA Home Loan Perks

Put more money into your home with a VA No Lender Fee1 Loan. By securing a VA loan with PrimeLending, your savings really do add up—if you’re counting, it’s in the thousands!

No Down Payment

No Down Payment

Credit scores, stressing over how much to put back every month — put those worries in the past. When you qualify for a VA loan, you won’t have to put a cent down. And if you consider that conventional loans often require up to a 20% down payment, 0% has a really nice ring to it.

No Lender Fees

No Lender Fees

What are lender fees? Those are costs associated with underwriting, closing, document preparation and processing, and when you tally all of that up, it can cost you almost $1,000. Well, not you. With a VA loan at PrimeLending, your lender fees are on the house.

Goodbye, PMI

Goodbye, PMI

PMI, or private mortgage insurance, is protection for the lender if a loan defaults. For conventional loans, PMI can be charged monthly to a mortgagor unless they put 20% or more down on a loan, which can total hundreds per month. With our VA loans, you don’t have to worry about paying PMI each month, which may save thousands per year.

Easier Credit Requirements

Easier Credit Requirements

You know the drill: the higher the credit score, the lower the interest rate. You also know what that means for lower credit scores. For military members, qualifications are less rigid, meaning your credit score doesn’t have to be perfect to qualify for a lower rate.

VA Backing

VA Backing

All VA loans are backed by the government. Many of the risks and costs associated with conventional loans aren’t on your shoulders with a VA home loan. As veterans, you’re offered exclusive benefits, competitive loan options and quality rates that you deserve, while keeping your money where it belongs: in your account.

Types of VA Loans

15- or 30-YR FIXED

Build up equity while enjoying the stability of a 15- or 30-year fixed-rate mortgage. Whether you want to pay off your loan faster or settle in a home for an extended period of time, a fixed-rate mortgage may be the solution for your homeownership goals.

ARM

Flexibility is often key to active duty military, and an adjustable-rate mortgage provides just that. Adjustable-rate mortgage (ARM) homeowners that are expecting to move within the next few years pay lower interest rates during the first few years and typically decide to move or refinance before it adjusts.

JUMBO LOANS

The number to remember is $510,400. VA jumbo loans can be used on homes and require a 25% down payment on the difference between your home price and $510,400, which is still much lower than the 10% on traditional jumbo loans.

RENOVATION LOANS

Turn any house you like into a home you love with a VA renovation loan. Whether it’s your current home or a fixer-upper on the market, our renovation process makes it simple – it’s just one application, one loan and one monthly payment.

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How to Apply for a VA Loan

From the moment we open conversation to the time of closing on your house, I strive to make the home buying process as simple as possible – and I’ll be with you every step of the way if questions arise. When you’re ready to apply for a VA home loan, here’s your quick and easy process:

  • Ensure you’re eligible for a VA home loan and obtain your Certificate of Eligibility
  • Start your loan application
  • Complete application, confirm property information and review all information
  • Sign and celebrate after all documents are secured and approved

The PrimeLending VA loan program is all about you. If you’re a first-time homebuyer, want to prequalify or just talk about your circumstances, I’m here for you. I can help you understand the process, assess your situation and get you a home loan that fits your needs, without all the hassles.

Do You Qualify?Do You Qualify

If you meet one or more of the following requirements, you may be eligible for a VA No Lender Fee Home Loan from PrimeLending:

  • Active service duty for 90 consecutive days of combat
  • Active service duty for 181 days of peace
  • Served 6 or more years in the National Guard or Selected Reserve
  • Are a spouse of a veteran who died while in service or from a service-connected disability
  • Have a Certificate of Eligibility

Unsure if you qualify? Contact a loan officer today.

1 All lender closing costs such as origination, processing, underwriting, and closing will be waived, borrower is still responsible for third party fees such as VA funding fee, title, and appraisal etc.  Down payment waiver is based on VA eligibility. This offer is valid 1/1/2020 – 12/31/20. Savings only applies to direct originations made by PrimeLending for first mortgage purchase or refinance transactions, and is not available on loans obtained through mortgage brokers. Only one offer per loan transaction is available, and savings cannot be combined with any other offer. Savings will reflect on Closing Disclosure at closing. Borrower must lock their loan before 12/31/20.

NO DOWN PAYMENT. NO LENDER FEES. EASIER CREDIT REQUIREMENTS.

What’s not to love? Get started today…

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