Are you eligible for a VA home loan?

If you are a veteran or a member of the military on active or reserve duty, there’s a special type of financing designed for you. The VA home loan program is an incredible benefit designed to help members of the military —past and present — purchase homes of their own with favorable rates and terms.

The VA home loan program is one of only a few mortgage programs that lets you finance 100 percent of the home’s value with $0 down. It also doesn’t require private mortgage insurance, for a potential savings of $100-$200 or more per month.

With a VA home loan, eligible borrowers can choose from various term options — 15, 20, 25, 30 years — and fixed or adjustable rates. VA home loans also often have lower interest rates than the rates of conventional loans, and the minimum credit score requirements for VA home loans are lower than many other types of programs.

There’s more! There also are strict limits on the closing costs borrowers are required to pay and a simplified approval process. At PRMI, we have years of experience in providing eligible borrowers with access to VA home loans. Contact us to learn more about VA home loans and to request a quote. At PRMI, we are dedicated to providing a stress-less mortgage experience. Call us today.