Your Trusted Lender for
VA Mortgage Lender
We offer specialized VA loan programs and financing options built for first-time homebuyers, home refinancing, and more.
For years, Prysma has helped military veterans and their families throughout Connecticut, Florida, Georgia, Massachusetts, New Jersey, New York, North Carolina, Pennsylvania, and Texas realize their dream of home ownership. Making us Connecticut’s most trusted lender for VA Loans.
Our experienced loan professionals sit down with you to find the best rates and loan options for you and your family. We are your dedicated partners in home ownership.
The 4 Simple Steps To Homeownership
Prysma is here to help you through the home buying process whether this is your first house or you are relocating to a new area.Here is the simple 4-Step process to owning your own home.
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!
Get Started On The Journey TowardHomeownership Today!
Understanding VA Loans
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.
QM vs. Non-QM: What is the Difference?
Feature
Qualified Mortgage (QM)
Non-Qualified Mortgage (Non-QM)
Best For
W-2 employees, standard finances
Self-employed, investors,unique income
Income Verification
Tax returns, W-2s, Pay Stubs
Tax returns, W-2s, Pay Stubs
DTI Ratio
Strict (Typically < 43%)
Flexible (Often > 50% allowed)
Underwriting
Automated systems (Desktop Underwriter)
Manual Underwriting (Human review)
Loan Types
Conventional, FHA, VA, USDA
Bank Statement, DSCR, ITIN, Asset-Based
QM vs. Non-QM: What is the Difference?
Best For
Qualified Mortgage (QM)
W-2 employees, standard finances
Non-Qualified Mortgage (Non-QM)
Self-employed, investors,unique income
Income Verification
Qualified Mortgage (QM)
Tax returns, W-2s, Pay Stubs
Non-Qualified Mortgage (Non-QM)
Tax returns, W-2s, Pay Stubs
DTI Ratio
Qualified Mortgage (QM)
Strict (Typically < 43%)
Non-Qualified Mortgage (Non-QM)
Flexible (Often > 50% allowed)
Underwriting
Qualified Mortgage (QM)
Automated systems (Desktop Underwriter)
Non-Qualified Mortgage (Non-QM)
Manual Underwriting (Human review)
Loan Types
Qualified Mortgage (QM)
Conventional, FHA, VA, USDA
Non-Qualified Mortgage (Non-QM)
Bank Statement, DSCR, ITIN, Asset-Based
What Do I Need To Qualify?
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 don’t require a money down payment when you take it out.
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 benefitsof 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.
#1 Source for VA Home Loans
We’ve helped thousands of Latino families over the past twenty years realize their dream of home ownership and we can help you.
The Right Loan Options For Your Family
At Prysma Lending Group, we offer conventional loans (fixed-rate loans, adjustable-rate mortgages) and non-conventional loans (FHA loans, VA loans, Tax ID loans). We also offer refinancing options and reverse mortgages. Whatever your situation, we have the right loan option that fits your needs.
Your Dedicated Partners in Home Ownership
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.
Non-QM Loan Requirements: What to Expect
Requirements
Credit Score
Flexible. Programs often start at 600-660. Higher scores yield better interest rates.
Down Payment
Typically 15-25%. Because these loans carry more risk for the lender, "skin in the game" is required.
Income
Verified via Bank Statements, DSCR, Assets, or P&L. No W-2s required for most programs.
Reserves
Lenders may require you to have 3-12 months of mortgage payments saved in the bank after closing.
Loan Limits
Can often go up to $3 Million+allowing for luxury purchases.
Why Choose Prysma As Your Lending Provider
Focused on Hispanic Homeownership
We know that not everyone gets treated equally in the home-buying process. We’re here to correct that for members of our community.
20+ Years of Experience
We’re passionate about what we do, so it’s easy for us to keep growing and delivering home loans to Hispanic families
We’re Honest and Transparent
We want to make your home-buying experience as clear and accessible as possible. We will always be upfront with you about your options.
We Find Solutions
The home-buying process can be challenging. We’ll help you navigate your options and find the home loan that’s perfect for you.
FAQ: Your Top VA Home Loan Questions Answered
What is a VA Loan?
A VA Loan is a government-backed mortgage for veterans, active-duty service members, and eligible spouses. It requires no down payment.
What are the benefits of VA Loans?
VA Loans offer low interest rates, no private mortgage insurance, and flexible credit requirements.
Who qualifies for a VA Loan?
Veterans, current service members, and surviving spouses with a valid Certificate of Eligibility (COE).
Why get a VA Loan with Prysma?
Prysma specializes in VA Loans, offering guidance and support for military families. We make the process simple and stress-free.
Testimonials
Start your home purchase with the leader in Tax ID loans & mortgage solutions
Prysma is your trusted home loan provider, serving residents of Connecticut, Florida, Georgia, Massachusetts, New Jersey, New York, North Carolina, Pennsylvania, and Texas. Prysma is here to make people realize their dream of homeownership is entirely possible.
Our experienced loan professionals sit down with you to find the best rates and loan options for you and your family. We understand that owning a home can seem daunting, but we support you through every single step of the homebuying process.
Fill out the form or call today to learn which of our home loans is right for you. (203) 743-9985