🪖 Who Qualifies for a VA Loan?
🔁 Can You Use a VA Loan More Than Once?
Lower costs. More flexibility. Built to serve those who’ve served.
Of all the mortgage options available today, VA loans consistently rank as one of the best — financially, strategically, and emotionally.
Yet, many eligible veterans and service members never use them — often because they’ve heard myths, got bad advice, or didn’t realize how much they could save.
Let’s break down the key reasons why a VA loan is one of the smartest moves you can make if you qualify — and how PRMI helps you make the most of it.
✅ 1. No Down Payment Required
This is the big one — and it’s real.
With a VA loan, you can finance 100% of the home’s value with $0 down.
That means:
- You don’t have to wait years to save
- You can preserve your savings for moving, repairs, or emergencies
- You keep more cash on hand, especially in high-cost markets
🧠 For comparison: A $400,000 home usually requires $12,000–$80,000 down — not with VA.
✅ 2. No Private Mortgage Insurance (PMI)
Conventional loans require PMI if you put down less than 20%. FHA loans charge monthly mortgage insurance no matter what.
VA loans? No monthly mortgage insurance — ever.
That alone can save you hundreds per month, every month.
✅ 3. Lower Interest Rates
Because VA loans are backed by the government, lenders can offer more competitive rates — often 0.25% to 0.50% lower than conventional loans.
Over the life of your loan, this could mean:
- Lower payments
- Less interest paid overall
- A better shot at long-term wealth-building
📘 We’ll show you side-by-side comparisons, so you can see the savings for yourself.
✅ 4. Flexible Credit and Qualification Standards
You don’t need perfect credit to qualify.
VA loans offer:
- More flexibility with credit scores
- Higher debt-to-income (DTI) allowances
- Manual underwriting in some cases (if automated systems say no)
This opens the door for more veterans and families to qualify — especially if you’ve had a few bumps along the way.
✅ 5. Limits on Closing Costs (and Help Paying Them)
The VA limits what you can be charged in lender fees.
You’re also allowed to:
- Ask the seller to cover some or all of your closing costs
- Finance your one-time VA funding fee into the loan
- Use gift funds or lender credits to reduce out-of-pocket expenses
💬 Translation: You keep more of your money in your pocket — upfront and long term.
🏢 Why PRMI?
As a VA-approved direct lender, PRMI:
- Helps you compare VA vs. conventional and FHA
- Handles your loan 100% in-house for speed, accuracy, and service
- Makes sure you understand the full value of the benefit you’ve earned
Whether you’re buying your first home, refinancing, or using your VA loan again — we’ve got your back, from start to finish.
👇 Want to See How Much a VA Loan Could Save You?
Let’s walk through your numbers and compare options — so you can make a confident, informed decision.