VA Home Loans

The VA Home Loan is really the Best Loan on the face of the planet.  You have earned this benefit and do not let anyone ever tell you that you should not use it.  The VA Home Loan offers the following benefits:

  • 100% financing with NO Down Payment*
  • No private mortgage insurance
  • No loan limits**
  • FICO scores as low as 500
  • Up to 3 co-signers that are not veterans can be on the loan***
  • Surviving Spouses may be eligible for a VA Home Loan
  • Single Close Construction to Permanent financing available
  • Competitive pricing

The VA does not loan money, they stand behind the loan by guaranteeing up to 25% of the loan, thus reducing the lender's risk in originating the loan.   

VA home loans are available to active military personal and veterans that have either served 181 days during peacetime, 90 days during war, or a spouse of serviceman either killed or missing in action.

*100% financing available with full entitlement.  Partial entitlement may also be able to qualify for reduced financing. 
**Although the VA states that there are no loan limits, individual lenders have guideline overlays that do cap loan limits.  At Premier Mortgage Capital our loan limits are up to $3 million.
***Non-married cosigners may be part of a VA loan.  If the non-married cosigners are Veterans or Active Service Personal and they have full entitlement then no downpayment might be allowed.  If the non-married co-buyers have not served in the United States Armed Forces then they will be required to put down 25% of their part of the loan.  Call for details.