VA Mortgages

Pre-qualification

You speak with one of Prysma’s licensed Mortgage Loan Originators to get pre-qualified for a loan up to a certain amount. This amount helps you determine the price range for the home that is right for you. Our loan specialists will take the time to answer all of the questions you have to help ensure you choose the best loan option for your needs.

Find Your Home & Make An Offer

After pre-qualification you can begin shopping for your home. When looking at different home options, make sure to consider all the different factors including price, location and safety of the neighborhood. After you choose the property you make an offer and negotiate with the seller on the final sales price.

Loan Application

You have your home chosen and a sales price is determined you revisit with Prysma’s Mortgage Loan Originator to apply and secure the perfect loan for your new home. Your dedicated loan specialist will personally guide you through each step of the loan process.

Closing & Moving In

Once your offer has been accepted and you have been approved for your mortgage you prepare for closing and move into your new home!

What is a VA Loan?

VA loans are mortgage loans for veterans or active duty personnel in the Army, Navy, Air Force, Marines, Reserves, or National Guard.

VA loans offer much more flexible credit guidelines than traditional mortgages. If you have experienced past financial hurdles like a bankruptcy or foreclosure, you can absolutely still qualify once the standard waiting periods are met, provided you have established a stable, on-time payment history since then.

Unlike most conventional loans, VA mortgage loans do not require a down payment at closing.

VA loans are fully assumable. This means when you are ready to sell your home, a qualified future buyer can legally take over your existing mortgage and lock in your lower interest rate—even if they do not have a military background themselves.

You must have proof of prior service or active duty in any of the previously stated military branches.

The candidate must not have been dishonorably discharged in order to qualify for a VA loan.

What are the benefits

of a VA Loan?

Homeownership can be difficult to accomplish for veterans or families of veterans who are struggling with stable income. Many do not have the means of obtaining a conventional loan, which is why VA loans are a good solution.

Most VA loans don’t require money down, which can save homeowners a substantial amount of money. The Interest rates are also much lower than that of a conventional loan with the option of refinancing as well.

The Right Loan Options For Your Family

At Prysma Lending Group, we offer a complete suite of conventional choices, stable fixed-rate programs, and flexible adjustable-rate mortgages. We also specialize in accessible government options like FHA and VA loans, as well as alternative non-QM solutions like our signature Tax ID (ITIN) loans.

Your Dedicated Partners 

in Homeownership

The mortgage loan process can look overwhelming, but it doesn’t have to be. You will have a dedicated, licensed mortgage loan originator to guide you through the process. They will sit down with you and answer all of your questions. We are here to help you navigate the waters of home ownership as your trusted partner.