Austin VA Home Loans & Refinancing

A VA home loan greatly benefits military personnel during and after their service. Fortunately, Joel Richardson, a PrimeLending Branch Manager, has an MBA and over 20 years of finance experience. Therefore, he understands the importance of a “home base” for military members and their families. Furthermore, he is proud to be able to help active and retired military use this product to meet their unique needs.

First, VA home loans are partly guaranteed (typically a quarter of loan value) by the U.S. Department of Veterans Affairs. Moreover, these loans offer the following advantages:

  • No down payment ¹
  • Higher loan value
  • No private mortgage insurance
  • Limit on closing costs
  • Option for seller to pay closing costs
  • No penalty fee for early payoffs
  • Possible VA assistance if you have difficulty with payments

Joel Richardson and his Austin team are honored to have assisted many Texas Veterans and Veterans nationwide. Consequently, as an accredited member of the Veterans Advocacy & Benefits Association (VABA), Joel considers it a privilege to help veterans.

The national presence of PrimeLending allows his team to help Veterans in every situation. Active duty deployed overseas? Returning home? Joel and his team are happy to help you! Joel and his team are experienced and knowledgeable regarding the Texas Veteran Land Board (VLB) program and the nationwide VA Loan program. Therefore, they will pay detailed attention to help make sure a Veteran and her/his family’s home financing needs are met with ease.

  1. Down payment waiver is based on VA eligibility.

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Home Purchase

We have several programs that provide low down payment or no down payment options. For that reason, buying a home may be more affordable than you think.

VA Home Loan Refinance

Existing homeowners with conventional, FHA, USDA and or other programs may be eligible to refinance. Veterans count on us for assistance to evaluate whether it’s time to improve their interest rate and payment with their existing VA benefits.

Remodel/Renovation Loans

Currently, the VA does not offer a renovation loan. Please contact us to discuss your specific home renovation project and we will help you find the right program to fit your needs.

VA Loan Eligibility

Wondering if you are eligible? To benefit from VA loans, applicants must obtain a certificate of eligibility from the Department of Veterans Affairs. Then, once certified, VA members can apply to use the guaranty for financing or refinancing options such as:

  • Purchase or build a new home
  • Buy a condominium or duplex
  • Purchase and improve a new home
  • Refinance an existing home loan
  • Install energy improvements

Qualified service members are those that have received an honorable discharge from an eligible branch of the service, including the U.S. Army, Navy, Air Force, Marines, Coast Guard, Nat. Guard and Reserve and US. Military academies. Read our Austin VA Loan Eligibility FAQs for more information.

Types of VA Loans

There is a VA loan to fit your needs:

  • Fixed Rate Home Loan
  • Adjustable-Rate Mortgages
  • Jumbo Home Loan
  • Cash-out Refinance Loans
  • Interest Rate Reduction Refinance Loan (IRRRL)

Consistently rated with five star service as a leading lender locally and nationwide, Veterans can trust Joel Richardson and his team to provide prompt, reliable, and trustworthy service to find the best Texas VA or VA home loan option to fit their needs. Get started on your VA loan today by connecting with Joel with an easy online form or a quick phone call. Joel’s team can walk you through the qualification process*.

(*All loans subject to credit approval. A qualification is not an approval of credit, and does not signify that underwriting requirements have been met. Conditions and restrictions may apply.)