Summit Lending Solutions is based in Medford and proudly helps eligible veterans and military families in Southern Oregon, the Rogue Valley, Phoenix, and our other licensed states explore VA home financing.

VA Loans

VA Loans in Medford & Southern Oregon

Zero Down Payment - No PMI - For Veterans, Active Duty Military and Surviving Spouses

Get Pre-Approved (541) 228-9888

What is a VA Loan?

A VA loan is a mortgage guaranteed by the U.S. Department of Veterans Affairs. VA loans are available to eligible veterans, active duty service members, National Guard members, reservists, and surviving spouses. VA loans offer some of the best terms available in the mortgage market — including zero down payment and no private mortgage insurance.

VA Loans

Why Choose VA Loans with Summit Lending?

Craig Pribyl at Summit Lending Solutions is an independent mortgage broker licensed in 6 states. As an independent broker, Craig shops dozens of lenders to find you the most competitive VA Loans rate and terms. You get the expertise of a seasoned mortgage professional combined with access to a wide range of lenders.

Access to dozens of VA Loans lenders
Personalized guidance from application to closing
Personalized preapproval guidance
Clear discussion of lender fees, closing costs, and available options
Licensed in AZ, CO, ID, OR, WA and WY

VA Loan Eligibility Requirements

Veterans who served 90+ days during wartime or 181+ days during peacetime
Active duty service members with 90+ days of service
National Guard and Reserve members with 6+ years of service
Surviving spouses of veterans who died in service or from service-connected disability
Must have a Certificate of Eligibility (COE) from the VA
Primary residence purchases only (not investment properties)

VA Loan Benefits

Eligible borrowers may be able to purchase with no down payment, subject to lender approval, VA entitlement, appraisal, and qualification – 100% financing available
No monthly private mortgage insurance (PMI) requirement; VA funding fees or other costs may apply required
Competitive interest rates – often lower than conventional
No prepayment penalties
Flexible credit requirements – no minimum set by VA
Limits on closing costs the veteran can pay

VA Loan Process with Summit Lending

Step 1: Obtain your Certificate of Eligibility (COE)
Step 2: Get pre-approved with Craig at Summit Lending
Step 3: Find your home and make an offer
Step 4: VA appraisal and underwriting
Step 5: Close and move in – often with zero out of pocket
Craig handles the entire VA loan process from start to finish

Frequently Asked Questions About VA Loans

What is the VA funding fee?

The VA funding fee is a one-time payment that helps offset the cost of the VA loan program for taxpayers. The fee ranges from 1.25% to 3.3% of the loan amount depending on your down payment and whether it is your first VA loan. Veterans with service-connected disabilities are exempt from the funding fee.

Can I use my VA loan benefit more than once?

Yes! Your VA loan benefit can be used multiple times. As long as you have remaining entitlement and meet the eligibility requirements, you can use your VA benefit to purchase a new home. You can even have two VA loans at the same time in some circumstances.

Is there a VA loan limit?

As of 2020, there is no longer a VA loan limit for veterans with full entitlement. This means eligible veterans can purchase a home of any price with zero down payment (subject to lender approval). Veterans with reduced entitlement may still have limits.

Ready to Apply for a VA Loans?

Craig Pribyl will personally guide you through the entire process. Get pre-approved today - fast, and no obligation.

Apply for a VA Loan Talk to Craig