VA Loan

Prime Rate Mortgage Serving those who Serve

Are you an eligible service member, veteran or qualifying surviving spouse looking for a VA Loan?

Let us help you get a VA loan at a low rate with little to no money down

Get Pre-Approved Now

VA Loan Requirements

Here's what you need to get started.

580 Median Credit Score

The minimum credit score is 580 making it easier to qualify for a VA loan.

Certificate of Eligibility (COE)

A certificate of eligibility is a document from the VA department to verify that you are a qualifying veteran or surviving spouse

VA Funding Fee

This one-time fee is paid to the VA department, it may vary depending on your down payment, subsequent use or if it is a cash out refinance. This fee may be waived if you have a disability of 10% or higher. The fee is not paid out of pocket, it can be finance into the loan amount.

Benefits of VA Loans

No Down Payment: A VA loan often allows you to purchase a new home without any initial payment.
Competitive Interest Rates: VA loans typically offer favorable interest rates compared to other home loan options.
No Private Mortgage Insurance: With VA loans, monthly mortgage insurance payments are not required.
100% Access To Home Equity: A VA loan permits the conversion of up to 100% of your home equity into cash, if you qualify.
Sellers Can Cover Closing Costs: The loan agreement might allow sellers to pay for your closing costs.
Government Insured: VA loans are backed and secured by the government, providing added security to lenders.
Refinancing Opportunities: Existing VA Loan holders might be eligible for a VA Streamline Refinance. If you have a VA loan and want to lower your interest rate with little to no out-of0pocket closing costs. You do not have to provide bank statements, W2s, job verification, or paystubs.
Benefits for Disabled Veterans: Those receiving disability payments from the VA, or considered at least 10% disabled, might be eligible for certain fee waivers.