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Peter Irungu · Mortgage Loan Originator · MLO NMLS #2751063NEXA Lending · Company NMLS #1660690
NEXA Lending
0% down for Veterans & active duty, no PMI

VA Loans

VA loans are a government-backed benefit for eligible active-duty service members, veterans, and surviving spouses. They offer competitive rates with no down payment and no monthly mortgage insurance — a powerful way to honor those who served.

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What Are VA Loans?

VA loans are a government-backed benefit for eligible active-duty service members, veterans, and surviving spouses. They offer competitive rates with no down payment and no monthly mortgage insurance — a powerful way to honor those who served.

Peter Irungu (Mortgage Loan Originator, NMLS #2751063) helps homebuyers across Pierce & King County understand whether VA is the right fit and guides you through every step — from pre-qualification to closing.

Key Benefits

Zero Down

Finance 100% of your home purchase with no down payment.

No PMI

No monthly private mortgage insurance — ever.

Competitive Rates

VA loans typically offer lower rates than conventional.

Limited Closing Costs

Sellers can pay many of your closing costs.

Who Qualifies?

Eligibility requirements vary by program and lender. Here's a general overview:

  • Active-duty service members with sufficient service time
  • Veterans with an honorable discharge
  • Eligible surviving spouses
  • Valid Certificate of Eligibility (COE) from the VA
  • Property must be your primary residence

How It Works

1

Apply

Share your goals in a quick, no-obligation pre-qualification.

2

Get Approved

Peter shops multiple lenders to find competitive rate options for you.

3

Close

Sign final documents and get your keys.

Rates & Terms

Rates shown are sample scenarios for illustrative purposes only. Actual rate and APR will vary based on credit profile, loan amount, property type, and market conditions. Contact Peter Irungu for a personalized quote.

VA Loans

0% down for Veterans & active duty, no PMI

5.750%Interest Rate
6.120%APR*

*Sample scenario for illustration only — not an advertised or live rate. Based on a loan amount of $400,000 with a 0% down payment ($400,000 purchase price) on a primary single-family residence. 360 monthly payments of $2,334 (Principal & Interest). Monthly payment does not include taxes, property insurance, or HOA fees; actual payment obligation will be higher. Rate and APR subject to credit approval and market fluctuation; actual terms vary based on credit profile, loan amount, property type, and current market conditions. Last reviewed 2026-10-07.

NEXA Lending, LLC is a private mortgage lender/broker and is not affiliated with, endorsed by, or acting on behalf of HUD, FHA, VA, USDA, or any government agency.

Get Your Personalized Quote

Sample rates are just a starting point. Your actual rate depends on your unique profile. Peter will review your situation and find competitive options from our network of lenders.

Start My Pre-Qualification

NEXA Lending, LLC is a private mortgage lender/broker and is not affiliated with, endorsed by, or acting on behalf of HUD, FHA, VA, USDA, or any government agency.

Frequently Asked Questions

Can military families stationed at JBLM buy a house with no down payment using a VA loan?

Eligible service members and veterans stationed at or near Joint Base Lewis-McChord may qualify for a VA-backed mortgage with no down payment, provided they have sufficient entitlement and meet lender requirements. VA loans can be used for qualifying primary residences in communities such as Lakewood, Tacoma, Puyallup, and DuPont. NEXA Lending is a private mortgage company not affiliated with the Department of Veterans Affairs.

What are the VA loan limits in Pierce County, Washington, for 2025?

Borrowers with full VA entitlement are not subject to a VA-imposed county loan limit for the loan amount they can obtain without a down payment, although lender approval and property value requirements still apply. For borrowers with partial entitlement, the applicable 2025 Pierce County conforming limit used in entitlement calculations was $1,037,300. NEXA Lending is a private mortgage company not affiliated with VA or any government agency.

What is the VA funding fee for a home purchase in Washington?

For many VA purchase loans with less than 5% down, the funding fee is 2.15% for first use and 3.3% for subsequent use, unless an exemption applies. Lower fees may apply with larger down payments, and some eligible borrowers are exempt because of qualifying disability or service circumstances. NEXA Lending is a private mortgage company not affiliated with the Department of Veterans Affairs.

Can I use my VA home loan benefit more than once in Washington State?

Yes. Eligible veterans and service members may reuse VA home loan benefits when sufficient entitlement is available or restored. Remaining entitlement depends on prior VA loans, repayment history, and other eligibility factors. NEXA Lending is a private mortgage company not affiliated with VA or another government agency.

What credit score do I need for a VA loan near Joint Base Lewis-McChord?

The Department of Veterans Affairs does not establish a universal minimum credit score for VA-backed mortgages. However, lenders may have their own credit requirements and must evaluate income, residual income, debts, and repayment history. NEXA Lending is a private mortgage company not affiliated with VA or any government agency.

Can active-duty military members use a VA loan while stationed at JBLM?

Eligible active-duty service members stationed at JBLM may use VA-backed financing to purchase a qualifying primary residence in Washington. Eligibility depends on service requirements, a Certificate of Eligibility, occupancy requirements, and lender underwriting. NEXA Lending is a private mortgage company not affiliated with VA.

Do VA home loans require monthly mortgage insurance in Washington State?

VA-backed mortgages generally do not require monthly mortgage insurance, which can make them attractive compared with certain FHA and low-down-payment conventional loans. Some borrowers must pay a one-time VA funding fee, although exemptions are available. NEXA Lending is a private mortgage company not affiliated with the Department of Veterans Affairs.

Can I buy a duplex near JBLM with a VA loan and rent out the other unit?

VA financing may allow eligible borrowers to purchase a two- to four-unit residential property if they satisfy occupancy requirements and other program rules. Qualifying rental income from additional units may be considered during underwriting. NEXA Lending is a private mortgage company not affiliated with VA or any government agency.

Talk to Peter About VA

Have questions about va loans? Share a few details and Peter will reach out within one business day.

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