If you’ve served our country, you’ve earned the right to a home loan that works in your favor. VA home loans are designed specifically for Veterans, active-duty service members, and eligible spouses, offering unbeatable benefits like zero down payment and no lender fees* when you work with PrimeLending.
But how do VA loans work? What do you need to qualify? Let’s break it down in a way that makes the homebuying process simple and stress-free.
What is a VA Home Loan?
A VA home loan is a government-backed mortgage designed to make homeownership more accessible for those who have served. The U.S. Department of Veterans Affairs (VA) guarantees part of the loan, which helps you secure better mortgage terms than you might find with a conventional loan.
Types of VA Home Loans
VA loans aren’t one-size-fits-all. Whether you’re buying, refinancing, or renovating, there’s a loan option tailored to your needs:
- VA Fixed-Rate Mortgage – Lock in a stable interest rate for predictable payments.
- VA Adjustable-Rate Mortgage (ARM) – Start with a lower rate that adjusts over time.
- VA Jumbo Loan – Buy a higher-priced home with VA benefits.
- VA Renovation Loan – Finance home improvements into your mortgage.
- VA Cash-Out Refinance – Tap into your home equity for extra funds.
- VA IRRRL (Interest Rate Reduction Refinance Loan) – Lower your monthly payments by refinancing at a better rate.
Who Qualifies for a VA Home Loan?
To be eligible for a VA loan, you’ll need a Certificate of Eligibility (COE) from the VA. You may qualify if you are:
- An active-duty service member
- A Veteran with an honorable discharge
- A National Guard or Reserve member with sufficient service time
- A surviving spouse of a service member who died in the line of duty or from a service-related disability
Not sure if you qualify? PrimeLending’s VA loan specialists are here to guide you every step of the way.
Why Choose a VA Loan?
VA loans offer some of the best benefits in the mortgage world, making homeownership more affordable and accessible. Here’s what you get:
- $0 down payment – No need to save for a hefty upfront cost.
- No lender fees – At PrimeLending, we waive them to help you save even more.
- No private mortgage insurance (PMI) – Keep your monthly payments lower.
- Competitive interest rates – Get rates designed specifically for VA homebuyers.
- Flexible credit requirements – More forgiving than conventional loans.
- Lower closing costs – The VA limits what you can be charged.
- Option for seller-paid costs – The seller can cover some or all of your closing costs.
- No early payoff penalty – Pay off your loan whenever you want without extra fees.
- Refinancing options – Lower your rate or cash out equity when needed.
VA Mortgage FAQs
Can I use a VA loan more than once?
Yes. As long as you have remaining entitlement, you can use a VA loan multiple times.
What’s the minimum credit score for a VA loan?
There’s no official VA minimum, but lenders typically look for a 620 or higher credit score.
How long does it take to close on a VA loan?
Most VA loans close in 30 to 45 days, similar to conventional loans.
Can I use a VA loan to buy an investment property?
No, VA loans are for primary residences only, but you can buy a multi-unit property and live in one unit while renting out the others.
Get Started with a VA Loan Today
Buying a home should be exciting, not overwhelming. At PrimeLending, we specialize in VA loans and are committed to making the process smooth and stress-free. No lender fees, no PMI, and no down payment—just expert guidance and great mortgage options designed for veterans like you.
Ready to take the next step? Contact a PrimeLending VA loan expert today to get qualified.
*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. Must apply for loan by 12/31/2025. 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, discount, or bond program. Savings will reflect on Closing Disclosure at closing. Subject to credit approval.
