VA loan guidelines tend to be more flexible than other loan programs. This is made possible because of the VA loan guaranty.


Rather than paying any downpayment percent of the home’s purchase price upfront in cash, with a VA loan, 100 percent of the purchase price can be financed in the loan.


Typically, lenders require mortgage insurance if the downpayment is less than 20 percent. This insurance protects the lender in the event the borrower defaults on the loan. A VA loan does not require mortgage insurance.


The federal government guarantees that a portion of the loan will be repaid to the lender even if the borrower is unable to make monthly payments for whatever reason. This guarantee encourages and enables lenders to offer VA loans with exceptionally attractive terms to borrowers that want them.


VA loans are neither originated nor funded by the VA and the rates are not set by the VA. VA loans are offered by U.S. banks, savings-and-loans institutions, credit unions and mortgage lenders—each of which sets its own VA loan rates and fees.


A VA loan can have a fixed or an adjustable rate. It can be used to buy a house, condo, new-built home, manufactured home, duplex or other types of properties. Or it can be used to refinance an existing mortgage, make repairs or improvements to the home or make the home more energy efficient.


There’s no prepayment penalty or early-exit fee when the borrower decides to sell the home. It can be refinanced into another VA loan via the agency’s Interest Rate Reduction Refinance Loan (IRRRL) program or switched into a non-VA loan at any time.


The VA limits the closing costs lenders can charge to VA loan applicants. And closing costs can be paid for by the seller.


VA loans require a “funding fee”, an upfront cost based on loan amount, type of eligible service, down payment size plus other factors. Funding fees don’t need to be paid as cash. They can be financed, so nothing is due at closing. VA funding fees are normally waived for veterans who receive VA disability compensation and for unmarried surviving spouses of veterans who died in service or as a result of a service-connected disability.


Most VA loans are “assumable,” which means the VA loan can be transferred to a future homebuyer if that person is also VA-eligible. Assumable loans can be a huge benefit when selling the home—especially in a rising mortgage rate environment.

Premier Nationwide Lending is proud to be a VA loan participant lender!

Call us today and let’s get you started on buying your dream home!

Loan Center


What you will need to ensure a smooth home mortgage process.

Loan Options

There are several loan options available when purchasing a home.

Down Payment Assistance

Find out more about special programs and who qualifies.


Wondering how much you can finance?


Premier Nationwide Lending has completely exceeded our expectations in the home loan process. We are building our 3rd home and they have gone above and beyond to ensure the best loan product for our needs, as well as saved us a lot of money! When the builder’s lender said a loan was not available, Premier Nationwide Lending’s loan officer worked hard to find that it was indeed available and made it a reality for our family. Words cannot accurately express our gratitude for having been introduced to Premier. Our loan officer was a complete pleasure to work with and someone you can trust with such an important decision!

Mark & Deanna H. - Homebuyer

I’ve been a successful Realtor for 28 years with one of the largest firms in the country. I met a loan officer with Premier several years ago at a seminar and was very impressed with her knowledge of buyer assistance programs, etc. I referred her to several of my first time Buyers and found her to be excellent. Every client that I referred her to was pleased with the process and the service and spoke very highly of her. Her communication skills, her attention to detail, her knowledge of the process, her commitment to getting the job done in a timely manner cannot be matched. Her staff and her processer are the best. I give her name to all of my Buyers, in all price ranges, and highly recommend they talk with her about their new purchase. I have worked with many loan officers over the years and Premier is the best I’ve EVER worked with.

Gerry J. - REALTOR

What a dynamic team of supporting and knowledgeable professionals! Each of my experiences with Premier Nationwide Lending has been nothing short of excellent. When they say, “We pride ourselves in delivering the industry’s best service and experiences,” they mean every word. Thank you for standing consistently behind your commitment. I eagerly look forward to doing more business in the future.

Vanja G. - Homebuyer

Thank you so much, Premier Nationwide Lending, for helping my family move into our dream home! Your hard work and dedication speaks volumes about your personal character. Although we never met in person, you still made a wonderful imprint in our hearts. Thank you for the late nights, patience, timeliness, guidance and thorough explanations throughout our first home buying experience. We definitely couldn’t have done it without you! Premier Nationwide Lending has a “Genuine” on their team, who we just so happened to be referred to. God is Good!

Carlo & Yvonne S. - Homebuyer

I cannot speak highly enough of my experience with Premier Nationwide Lending! I am still in awe of how easy these individuals made the loan process. All my questions and concerns were addressed in a timely manner with a wealth of expert knowledge. I was given the same personal attention one would expect from a local lender. You would have never known that I was working with a lender half a state away. I can say, without a doubt, that when the time comes to buy a new home I will return to Premier Nationwide Lending.

Stephanie B. - Homebuyer

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