🏘️ Can I Use an FHA Loan to Buy a Multifamily Property?
🪖 Who Qualifies for a VA Loan?
One of the most powerful benefits of your service — here’s how to use it.
If you’re a veteran, active-duty service member, or part of a military family, you may qualify for one of the most flexible, affordable mortgage options available today — the VA loan.
Backed by the U.S. Department of Veterans Affairs, VA loans are designed to help those who’ve served our country buy or refinance a home with fewer roadblocks and more financial advantages.
Here’s everything you need to know about how they work — and why so many eligible borrowers don’t even realize what they’re missing.
🎖️ What Is a VA Loan?
A VA loan is a mortgage that’s guaranteed by the U.S. Department of Veterans Affairs, but issued by private lenders (like PRMI).
It’s available to:
- Veterans
- Active-duty service members
- Certain National Guard and Reserve members
- Eligible surviving spouses
The VA doesn’t lend the money directly — but it guarantees a portion of the loan, which allows lenders to offer more favorable terms than conventional mortgages.
🧾 Key VA Loan Benefits
| Feature | VA Loan | Conventional Loan |
|---|---|---|
| Down Payment | $0 required | 3–20% required |
| PMI | None | Required <20% down |
| Credit Score | Flexible | Often stricter |
| Interest Rates | Often lower | Varies |
| Closing Costs | Limited by VA | Varies |
| Prepayment Penalty | Never | Sometimes |
💡 For many qualified borrowers, a VA loan can save tens of thousands over the life of the loan.
✅ What Can You Use a VA Loan For?
- Buying a primary residence (single-family, condo, multi-unit*)
- Building a new home
- Refinancing (rate reduction or cash-out)
- Buying again after selling a previous VA-financed home
*Multi-unit properties qualify as long as you live in one of the units.
🔁 What’s the VA Loan Process Like?
- Check eligibility (we help with this)
- Get preapproved with a VA-approved lender (like PRMI)
- Shop for a home
- Make an offer and order the VA appraisal
- Close the loan and move in!
💬 The process is similar to other mortgage types — but with more perks and fewer fees.
🔍 Is It Really $0 Down?
Yes — if you’re eligible and the home’s value supports the loan amount, you don’t need a down payment.
You’ll still have:
- Standard closing costs
- A one-time VA funding fee (can be financed into the loan)
- Optional reserves or prepaid items like taxes and insurance
We’ll show you how it all adds up so there are no surprises at closing.
🏢 Why PRMI?
As a direct VA-approved lender, PRMI offers:
- In-house processing, underwriting, and closing
- A clear path to using your VA benefit — even if you’ve been told “no” elsewhere
- Experienced loan officers who specialize in helping military families navigate the system
You’ve earned this benefit.
We’re here to help you use it wisely — with no pressure, no gimmicks, and full transparency.
👇 Wondering If You Qualify for a VA Loan?
Let’s check your eligibility, walk through your options, and show you how this benefit can help you buy or refinance with confidence.