WHAT VETERANS NEED TO KNOW ABOUT VA HOME LOANS
The brave service members of our armed forces selflessly serve our country every day. They deserve a mortgage process that reflects that commitment.
PrimeLending, a PlainsCapital Company® is proud to offer VA Home Loans to military members and their families. With benefits created specifically for VA loan products, we emphasize the importance of helping veterans secure funding for their homes.
WHAT IS A VA LOAN?
A VA home loan is a mortgage backed by the U.S. Department of Veterans Affairs (VA). The VA guarantees part of your home loan so that you can get better mortgage terms with your lender, depending on your VA loan product. Options for VA home loans include:
- VA fixed-rate mortgage
- VA adjustable-rate mortgage
- VA jumbo home loan
- VA renovation loan
- Cash-out refinancing loans
- Interest rate reduction refinance loan (IRRRL)
WHO CAN GET A VA LOAN?
The first step to understanding if you are eligible for a VA loan is to get a Certificate of Eligibility (COE). A COE verifies to a lender that you actually qualify for a VA home loan. Those who meet VA home loan qualifying criteria may be eligible, including active duty, discharged, reservist, and retired service members from the following branches:
- Air Force
- Army
- Coast Guard
- Marines
- National Guard
- Navy
VA home loan benefits are also extended to the surviving spouses of military personnel if they meet specified guidelines. A surviving spouse may qualify if the serviceperson was missing in action, a prisoner of war, or died in the line of duty or from a service-related disability.
VA HOME LOAN BENEFITS
At PrimeLending, we want to make the mortgage process as easy as possible for those who have served our country. If you qualify for a VA home loan, you will receive benefits including:
- No down payment
- Higher loan value
- No private mortgage insurance (PMI)
- Limits on closing costs
- Option for seller to pay closing costs
- No penalty fee for early payoffs
- Possible VA assistance if you have difficulty with payments
- Purchase, refinance, or renovate
Ready to find out if you qualify and what VA loan options are available for you? Connect with a VA home loan expert today.
Get in touch with a loan expert near you.
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Mandy Jordan is a seasoned professional with over 20 years of experience in the financial services industry, including 8 years in the mortgage industry. She has a true passion for writing and marketing communications strategy, and is known for her expertise in driving business growth, building relationships, and delivering results in highly competitive markets.
During her tenure at PrimeLending, Mandy has developed a deep understanding of the intricacies of the mortgage industry. Her comprehensive knowledge of loan products, underwriting guidelines, and compliance regulations has positioned her as a trusted advisor to her colleagues.
As a skilled writer and marketing communications strategist, Mandy has honed her ability to craft compelling and engaging content for a variety of mediums. Her strategic approach to content creation, combined with her creativity and attention to detail, has resulted in successful marketing campaigns, thought leadership pieces, and brand messaging that resonates with target audiences. She is also proficient in leveraging social media platforms and digital marketing tools to drive brand awareness and engagement.
Throughout her career, Mandy has been recognized for her exceptional communication skills, ability to work in cross-functional teams, and her unwavering commitment to delivering exceptional customer service. She has a track record of building and maintaining strong relationships with clients, partners, and stakeholders, and is often sought after for her strategic advice and guidance.
Mandy holds a Bachelor's degree in English from Southern Methodist University, and a Master’s in Business Administration with a focus on Marketing from The University of Texas at Austin. In her free time, Mandy enjoys writing creatively, reading, and volunteering for local non-profit organizations.
As a dynamic professional with a unique blend of experience in the mortgage industry, financial services, and marketing communications, Mandy Jordan continues to make significant contributions to the industry and is well-respected for her expertise, leadership, and unwavering commitment to excellence. Her warm demeanor, coupled with her wealth of experience and expertise, make her a trusted professional in her field.
