VA home loans are the best mortgage product in America — and most eligible veterans don't fully understand their benefits. Here's what you're entitled to.
Benefits Beyond 0% Down
- No PMI ever: Saves $100-$300/month compared to conventional loans with less than 20% down
- No prepayment penalty: Pay off early without fees
- Assumable: Your low-rate VA loan can be transferred to a future buyer — a huge selling advantage
- Reusable: You can use VA loan benefits multiple times throughout your life
- Lenient credit: No official minimum credit score (most lenders require 580-620)
- Rate reduction refi (IRRRL): Streamlined refinance with minimal paperwork and no appraisal
Who Qualifies
Active duty (90+ days served), veterans (90+ days wartime, 181+ days peacetime), National Guard/Reserve (6+ years), and surviving spouses of veterans who died in service or from service-connected disability.
Common Myths Debunked
Myth: "Sellers won't accept VA offers." Reality: VA offers close at the same rate as conventional. Myth: "VA loans are slow." Reality: Average closing time is 45 days — same as conventional.
