VA Mortgage Q&A
VA Mortgage Basics
As your trusted VA financing partner across 49 states (excluding New York), J.D. Peck and the JD.Mortgage team at PRMG are committed to simplifying the VA loan process for veterans and military families. Whether you’re buying your first home, refinancing, or taking advantage of your VA benefit again, we deliver no overlays, flexible credit solutions, and unmatched service—without the red tape of national call centers. Experience VA lending the way it was meant to be: personal, precise, and pre-approved. [Connect with our VA team now.]
Why Choose JD.Mortgage for VA Loans?
We’re not just processing VA loans—we’re enhancing them. With in-house underwriting and a hybrid lender/broker model, we can navigate complex credit situations, approve files that other lenders deny, and do so with speed and local insight.
Key VA Loan Features
- No down payment required
- No monthly mortgage insurance (PMI)
- No overlays—your approval is based on VA guidelines, period
- Manual underwriting for unique situations like low credit score or high DTI
- Flexible use—including purchase, refinance (IRRRL), and adaptive-rate loans
How to Get Started
Getting your VA loan approved doesn’t have to be overwhelming. Start with:
- Eligibility verification (COE request via eBenefits or DBQs)
- Income and asset documentation
- Credit review and income analysis
- Complete underwriting—all handled by our experienced team
No need to wait—many of our clients receive pre-approval within 24 to 48 hours. [Learn more about our process.]
Frequently Asked Questions About VA Mortgage Basics
Can I get a VA loan in a state other than Colorado Springs?
Yes—you can use your VA benefit to buy or refinance a home in any of the 49 states in which we’re licensed, excluding New York.
Is there a minimum credit score for VA loans?
No. We offer VA loans regardless of your credit score. Our manual underwriters will review your entire application, credit willing or not—if VA guidelines allow it, we can approve it.
What’s the difference between conventional and VA mortgage insurance?
VA loans do not require private mortgage insurance (PMI), which results in lower monthly payments compared to conventional loans with less than 20% down.
Can I refinance my current VA loan?
Yes. We offer the VA IRRRL (Interest Rate Reduction Refinance Loan) for existing VA loans. It’s streamlined, often with no appraisal or income documentation requirement.
Explore More Loan Programs
🎖️ VA Loan Perks You Can’t Ignore
🏡 $0 Down Payment – No need for a big upfront investment
🚫 No PMI – Save hundreds per month compared to FHA loans
📉 Lower Interest Rates – VA loans typically have better terms
🛠️ Flexible Credit & DTI Requirements – More approvals, even with past credit challenges
💪 Use Your VA Benefits Again & Again – Not a one-time deal!
💡 Pro Tip: Many lenders add credit score overlays that aren’t required by the VA. Work with a lender who truly understands VA loans!
Find Out How Much You Qualify For → Get Pre-Approved
🇺🇸 Maximize Your VA Loan Benefits
💰 Sellers Can Cover Closing Costs – Reduce your out-of-pocket expenses
🏠 No Loan Limits with Full Entitlement – Buy the home you want
🔄 Easy Refinance Options – Lower your rate or access cash
🛡️ VA Funding Fee Can Be Waived – If you’re a disabled veteran
💳 Pay Off Debts with a VA Loan – Seller concessions can cover credit balances
💡 Pro Tip: VA loans don’t take longer to close—the right lender makes all the difference. Don’t let a misinformed seller steer you away!
📞 Ready to Own a Home? → Check Your Eligibility
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