Unlock Your Equity: Get the Cash You Need, Up to 100% Loan-to-Value
Zero Down Home Purchase, Up to 100% Loan-to-Value
*GET STARTED
Unlock Your Equity: Get the Cash You Need
Leverage your home’s equity and secure the funds you need. Use the funds for various purposes such as home improvements, education, vacations, or debt repayment – the choice is yours.
Get started today and let us expertly guide you through every step of the process.
Zero Down Home Purchase VA Loan
Ready to turn the American Dream into reality? At Prime Choice Funding, we’re dedicated to serving those who serve us. With up to 100% financing potential, we empower veterans to take the first step towards homeownership. Your dream home is within reach, and our team is here to support you all the way. Get started today and let us guide you through the process.
We’ve streamlined the VA homebuying and refinancing processes, empowering you to confidently achieve your homeownership goals.
HOW IT WORKS
Contact or Get Started Online
Our team of licensed loan officers is prepared to assist you with any inquiries you may have. Applying over the phone can be completed in as little as 10 minutes.
Secure Your Approval
Once you submit your loan application, our team will thoroughly review it, conduct a property appraisal, and complete the underwriting process to ensure your approval.
Secure Your Funds
Once all requirements have been met and we receive clearance to proceed, we will prepare the necessary loan documents. You will then sign the loan documents, and upon completion, your loan will be funded.
Why Prime Choice?
At Prime Choice Funding, our focus is on meeting the unique requirements and preferences of our customers when it comes to finding the perfect loan option. With a team of highly experienced Loan Officers and dedicated Operations professionals, we are committed to assisting homeowners in realizing their financing goals. Our mission is to deliver exceptional service and empower homeowners to achieve their financial aspirations.
What Our Clients Are Saying
Communication and transparency are cornerstones of how we get home loans done for you, our client. People turn to Prime Choice for a quick, hassle-free mortgage experience.
A VA (Veterans Affairs) loan is a mortgage loan program offered to eligible veterans, active-duty service members, National Guard members, and select Reservists. Administered by the U.S. Department of Veterans Affairs, VA loans are designed to help veterans achieve homeownership with favorable terms and benefits.
- No Down Payment: One of the most significant advantages of a VA loan is that eligible borrowers can purchase a home without having to make a down payment, potentially saving thousands of dollars upfront.
- Lower Interest Rates: VA loans often come with competitive interest rates, which can result in lower monthly mortgage payments compared to conventional loans.
- No Private Mortgage Insurance (PMI): Unlike some other loan types, VA loans generally do not require borrowers to pay for private mortgage insurance, further reducing monthly costs.
- Flexible Credit Requirements: VA loans may have more lenient credit score requirements compared to conventional loans, making it easier for veterans with less-than-perfect credit to qualify.
- Limited Closing Costs: The VA has specific regulations on which closing costs can be charged to the borrower, potentially reducing the amount of money needed to close on the home.
- Assumable Loans: In some cases, VA loans are assumable, meaning that if the borrower sells the home, the buyer may be able to assume the existing VA loan and its terms.
- Streamlined Refinancing: The VA offers options for streamlined refinancing (Interest Rate Reduction Refinance Loan or IRRRL), making it easier for veterans to refinance their existing VA loans to obtain a lower interest rate or change the loan term.
To be eligible for a VA loan, you generally need to meet one or more of the following criteria:
- Veterans: Those who have served on active duty in any branch of the U.S. military and have been discharged under conditions other than dishonorable.
- Active-Duty Service Members: Individuals currently serving in any branch of the U.S. military.
- National Guard Members and Reservists: Members who have completed at least six years of honorable service or have been called to active duty for at least 90 days.
VA loans can be used to purchase a variety of properties, including:
- Single-Family Homes: Detached homes for single families.
- Condominiums: In VA-approved condominium projects.
- Multi-Unit Properties: Duplexes, triplexes, and fourplexes, as long as one unit is occupied by the borrower.
- Manufactured Homes: Meeting VA requirements.
- New Construction: VA loans can also be used for new construction homes.
- Refinancing: You can also use a VA loan to refinance an existing mortgage.
Yes, in most cases, you can use a VA loan multiple times, as long as you meet the eligibility criteria each time. However, there are certain circumstances where your eligibility might be affected, such as if you have a remaining balance on a previous VA loan or if you’ve had a foreclosure on a VA-backed loan.
Yes, you can use a VA loan to refinance an existing mortgage through the Interest Rate Reduction Refinance Loan (IRRRL) program. This streamlined refinancing option allows you to refinance your current VA loan to obtain a lower interest rate or move from an adjustable-rate mortgage to a fixed-rate mortgage.
The VA loan limit is the maximum amount you can borrow without having to make a down payment.
In 2023, the standard VA loan limit is $726,200 for a single-family home in a typical U.S. county, but it can run as high as $1,089,300 in high-cost areas.
- VA purchase mortgage:
Allows qualified service members to buy a home with no minimum down payment - VA cash-out refinance:
– Replaces VA or conventional mortgage with a VA loan.– An option to turn home equity to cash.
- VA streamline refinance (also called a VA Interest Rate Reduction Refinance Loan, or IRRRL):
Replaces current VA mortgage with a VA loan to lower interest rate or to refinance from an adjustable to a fixed rate.
* Terms and Conditions for Prime Choice Funding $20 Savings Plan Incentive Offer valid for submissions received on or after 12/03/2024.
To qualify for the $20 incentive, participants must complete the form and upload a valid mortgage statement. Limit one incentive per household. The $20 incentive will be delivered via mail within 30 days of eligibility verification. This offer is void where prohibited by law. Prime Choice Funding, Inc. (NMLS #117375) reserves the right to modify or cancel this offer at any time. For licensing information, visit www.nmlsconsumeraccess.org.
Participation in this offer does not obligate you to refinance or apply for any loan product with Prime Choice Funding. Submissions with incomplete or invalid information, including mortgage statements, may be disqualified. A licensed mortgage advisor will contact you to review your personalized savings analysis and discuss potential refinancing or other solutions. Results of the savings analysis may vary. Prime Choice Funding is an Equal Housing Lender/Opportunity.
This offer is not valid if you move outside of our marketing area. This offer is void where prohibited by law. This offer is made by Prime Choice Funding, Inc NMLS #117375. 1100 Town and Country Rd, Suite 1250, Office 1206, Orange, CA 92868, who is not acting on behalf of or at the direction of your current legislator, or of the federal government, and this offer is not being made by an agency of the government. Prime Choice Funding is an equal housing lender/broker. This is not a government form. Not all applicants will qualify. (www.nmlsconsumeraccess.org) a Licensed Mortgage Company. For licensing information please visit www.nmlsconsumeraccess.org. AL Lic#22408 I AZ Lic#0940991 I Arkansas Lic#117267 | CA DFPI Lic#603F471 Loans made or arranged pursuant to the California Financing Law I CA DRE California Bureau of Real Estate – Real Estate Broker, Lic#01806911 I CO Lic#117375 Regulated by the Division of Real Estate I DC Lic#MLB117375 I DE Lic#025874 I FL Lic#MLD1505 I GA Lic#48008 Georgia Residential Mortgage Licensee I ID Lic#MBL-9234 I IN Lic#38334 I KY Lic#MC410331 I LA Lic#117375 I MA Lic#MC117375 I MD Lic#21456 I MI Lic#FL0020964 I NC Lic#L-174934 I NH Lic#21548-MB I NJ Lic#NJ-C-01020 I NM Lic#117375 | NV Lic#5024 I OH Lic#RM.804338.000 I OR Lic#ML-4926 I PA Lic#105337 I SC Lic#MLS-117375 I TN Lic#135287 I TX SML NMLS#117375 I VA Lic#MC-5862. If you do not wish to receive any future offers from Prime Choice Funding, you can opt out toll free at 877-787-7463.
Texas Residents: If the new loan is subject to Section 50(s)(6) and the new loan to value exceeds 80%, you will not be eligible for this refinance. Additional restrictions may apply.
Figure: 7 TAC §80.200(b)
CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A COMPANY OR RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD COMPLETE AND SEND A COMPLAINT FORM TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN TEXAS 78705. COMPLAINT FORMS AND INSTRUCTIONS MAY BE OBTAINED FROM THE DEPARTMENTS WEBSITE AT WWW.SML.TEXAS.GOV. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550
THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED RESIDENTIAL MORTGAGE ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILLED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENTS WEBSITE AT WWW.SMLTEXAS.GOV
*$1,000 Loan Offer Guarantee: Terms and conditions apply. Visit our webpage for full details. By submitting the form above, you grant Prime Choice permission to contact you via phone, email, text, and other means. If you have any questions or concerns, please call 877-787-7463 or send an email to info@primechoicefunding.com. Privacy Policy | Terms of Use | SMS Terms | Licensing | Prime Choice Funding, Inc. | 1100 Town and Country Rd Suite 1250, Office 1206, Orange, CA 92868 | NMLS ID: 117375, NMLS Consumer Access | Equal Housing Lender | Arizona Mortgage Banker License #940991 | Texas State Compliance.
This is not a commitment to make a loan. All approvals are subject to creditworthiness, underwriting guidelines, satisfactory title and appraisal on your home. Minimum and maximum loan amounts do apply. The final decision is subject to the lender’s approval and may be based on additional information or documentation that is required during the underwriting process. Not all applicants will qualify. Prime Choice Funding, Inc. is not affiliated with or acting on behalf of or at the direction of FHA, VA or the Federal Government.
