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

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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.
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Get Pre-Approved Now

Take the first step towards homeownership with a VA loan pre-approval from Prime Rate Mortgage

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VA Loan Options

Check out some of the VA Loan Options we offer.


Cash Out Refinance

Streamline Refinance


See What's Possible

Use our tools to see what homeownership could look like for you.

Mortgage Calculator

Estimate your monthly payment, including taxes and insurance.

Home Affordability

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Ready for a VA Loan?

Prime Rate Mortgage is your trusted partner for VA loan pre-approvals - take the first step towards owning your dream home.

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Frequently Asked Questions

Not necessarily, when purchasing a new home, the seller can pay for all or part of your closing. Contact us to help you with this. 

Current or former service members have to meet one or more of the conditions below:

  • I served 181 days during peacetime. (Active Duty)
  • I served 90 days during wartime. (Active Duty)
  • I served 6 years in the Reserves or National Guard.
  • I am the spouse of service member who was killed in the line of duty.
  • I currently receive disability payments from the VA


No, You can re-use your entitlement multiple times as long as you have remaining eligibility. Contact us today to have a specialist explain the process.

A VA purchase loan can close within 21 days and a VA refinance within 30 days.


These materials are not from HUD, VA, or FHA and were not approved by HUD or any other government agency.

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