Prestige Home Mortgage
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Victor Runkle Home Loans
Victor Runkle


Home Loans Vancouver Washington
We Are the Experts on VA Loans
FHA, USDA, & Conventional

VA Home Loans

Financing Home Loans for American Heroes

Military veterans buying or refinancing a home deserve a friendly, hassle-free process. Prestige Home Mortgage assures veterans between the ages of 23 and 80 of the highest level of service. Located in Vancouver, Washington, Senior VA Loan Officer Victor Runkle helps United States military veterans get pre-approved for home loans with zero money down in the Portland-Vancouver metropolitan area.


Loan Specs & Requirements

Prestige Home Mortgages is the only VA Lender in the area that provides home loans for veterans. Zero-money-down mortgages can be approved with a value of up to a maximum of $417,000. The maximum value of pre-approved mortgages allowed is $1.5-million. These larger mortgages require a down payment of 25% on the difference between the higher amount and $417,000 (Ex. a mortgage of $517,000 would require a down payment of $25,000).

How to Get Pre-Approved

Financing rates are based on credit rating and income. Victor Runkle is happy to help clients prepare their credit in order to get the best interest rate possible. His goal is to make your home-buying process as quick and as painless as possible, and can complete the approval process in less than one day. Once you've been approved, the home-buying process can begin. Contact Victor Runkle today to get started!

Can I Get a VA Loan After a Bankruptcy?

Many Veterans believe that if they file for a Bankruptcy they will not be able to utilize their VA Home Loan benefits. Having worked with Military Veterans for the past 15 years I hear this comment quite often. When I respond to the Veteran and explain what I am about to explain to you I hear the same thing every time, a sigh of relief!

Fortunately, the VA has the most liberal rules and guidelines than any other loan program for home buyers when it comes to this subject. The VA only requires two years from the date of discharge on a Chapter 7 Bankruptcy; this is the Bankruptcy that clears a person of all debt. When it comes to a Chapter 13 Bankruptcy, where you pay a monthly payment to a Trustee, the VA only requires 12 months of payments to the Trustee to qualify for a VA loan. The monthly payment to the Trustee must be considered as part of the monthly debt as well. Keep in mind, sometimes the VA will allow the use of VA Home Loan benefits sooner than the time frames I just mentioned. It goes on a case by case basis and it must be proven that the Bankruptcy was for reasons beyond your control.

One hidden fact that many people do not know about is the VA will allow approval for the use of a VA Loan if a house was foreclosed on and included in the Bankruptcy. If the loan was a VA loan then the VA needs to be contacted to see if there was an outstanding balance on the loan that the VA needed to pay. If it was not a VA loan then it should be pretty simple to get an approval.


One thing the VA will require after a Bankruptcy is reestablished credit. This can be done with a secured credit card, where you deposit a certain of money and the usage and monthly payments are reported to the credit bureaus. A trusted friend could put you as an authorized user on a credit card and even purchasing an inexpensive car with monthly payments will help establish credit.

One thing to remember is the VA has a zero tolerance policy for thirty day late payments on credit after a Bankruptcy. If it is an isolated thirty day late a good explanation will usually be sufficient but if there are more than one it is usually a decline. The VA will require two years of good credit with no 30 day late payments since the date of the last 30 day late noted on a credit report.

These quick articles may also help in your search for information.

  • Paying off debt to get a VA Loan
  • How do I get a copy of my DD214
  • What question to ask if you are declined a VA Home Loan

Whatever you do, do not let a Bankruptcy derail your hopes and dreams from owning a home. Take the steps to reestablish your credit, make good on your financial obligations each month and before you know it you will be a homeowner!


How Do I Get My Certificate Of Eligibility From The VA?

As an active qualifying Service Member, Veteran or qualifying Surviving Spouse, a VA Home Loan can be an excellent option. You have earned this benefit, and it is one of the last loans available that requires sometimes as little as zero down on a qualifying home.

Buying a home with your VA Guarantee does not need to be a difficult process. But it can be if you work with a Realtor who is not familiar with the VA buying process. Your Certificate of Eligibility verifies the amount and status of your VA Guarantee and will let your lender know if you qualify for a VA Home Loan.

One of the most important steps in the VA Home Loan approval process is obtaining your Certificate of Eligibility. You may already have your original Certificate, which can be verified online with your Lender. You may have lost it, and it can usually be requested online by your Lender. But if you would like to obtain a copy yourself, you may also contact the VA directly to determine eligibility.

The VA Guaranteed Home Loan allows a Lender who is approved to close VA Home Loans to offer a qualified applicant a VA Home Loan with favorable terms that are partially guaranteed by the VA. This assures the lender less risk when loaning up to 100% of a sales price. If you don't have your Certificate of Eligibility or have used it before and wonder if you still qualify, you don't need to order it to begin the process and find out if you qualify. Click here for more information on how to get started.

If you are Veteran, qualifying Service Member or Surviving Spouse, we appreciate your service and sacrifice. You don't need to navigate the process by yourself. As a Veteran myself, it is a pleasure to see my fellow Service Members and their families realize the dream of home ownership every day.

Paying Off Debt to Get a VA Loan?

Many Veterans have past outstanding debt that is unpaid on their credit reports. It's very common that Veterans will go ahead and pay off the debt on their own before consulting with a VA Loan Officer. If you are purchasing a home with your VA Loan in Vancouver Washington or Portland Oregon make sure you consult with a professional mortgage banker who has vast knowledge in VA Loans. I'll explain why.

You may have excess debt to the point where a bankruptcy is needed. There are two types bankruptcies for consumers. Chapter 7 where all of the debt is released and you essentially start out with a clean slate. And a chapter 13 where a payment plan is established that is affordable with your household income. 

US Soldier

wsp_rte_replace_markerWhich one do you qualify for? It's hard to say because there is a calculation that must be done and only bankruptcy attorneys can accurately do this. But, you can always start with a VA Loan Officer. They can at least say if it would be a good idea to speak with one. There are many to speak with in Vancouver, WA and Portland, OR.


Many Veterans believe that if they file bankruptcy they will not be able to purchase a home ever with their VA Loan. This is not true. When you file for a chapter 7 bankruptcy the VA only requires 24 months of time to pass after the discharge date before you can close a loan with your VA benefits. The date of discharge is the 90 day mark after the day you file. Many Veterans think that a bankruptcy will ruin their credit forever which is not true. It only prohibits a VA home loan for 24 months. A chapter 13 bankruptcy only requires 12 months of time after the date of discharge.

Many times a Veteran will qualify for their VA home loan in Vancouver WA or Portland OR area and still have some outstanding debt that needs to be paid before closing. 

Say for example a collection or credit card that is rather small in amount. Make sure that if you have any debt that is being required to be paid off before closing that you do not pay for it until the actually closing date. Wait until you go to closing and provide the money to the escrow and title company the day you sign your paperwork on closing. They will take the money and send it to who you and will also document the payment on the HUD-1 which will be provided to the underwriter and the VA.

The reason you must do this is because if you were to pay the debt on your own, say a couple weeks before closing, it will normally take four to six weeks for that creditor to update their system and the credit bureaus. Then when you show up to closing the debt will be very difficult to prove it was paid. In order to meet the closing date, you will have to pay the debt again and then recover the first payment at a later date, which could take a great deal of time.

How Do I Get a Copy of My DD214 So I Can Get a VA Loan?

You must have your DD214 if you want to get a VA Loan. Many Veterans have lost their DD214 or simply can't remember where they put it. Here's a tip on a place to look for it, check inside an old Bible you've had for years. Sounds like an odd place but it seems to be one of the most common places Veterans put it when they get out.

If you still can't find it go to the following website. Once you get there go to "Launch the eVetRecs System to start your request Online". Another suggestion would be to print out the SF-180 and mail it in. This is located on the same website right next to the online form. Do both of these processes to ensure that you get it. 


It does not take months to get a copy. It will normally take about three to four weeks. Believe it or not, it's pretty fast. If you are on active duty you probably don't have a copy of your DD214. In this case, you will need a Statement of Service which just needs to signed by your Company Commander. The Statement of Service can be completed on your computer and must have your name, social, rank, date of service and that you are still in the military. Make sure it's printed out on your unit letterhead and have it signed and your Lender can get your Certificate of Eligibility with it.