For the past 80 years, VA home loans have been a great resource for Veterans looking to purchase a home. However, even though many Veterans can take advantage of this helpful program, most aren't aware of one of its key benefits.

A report from Veterans United reveals that just 30% of Veterans know they might have the option to purchase a home without a down payment using a VA loan.

That means 7 out of every 10 veterans might not be taking advantage of an important benefit when buying a home.

It's really important for Veterans and anyone who supports them to know about this program. According to Veterans United, VA home loans:

“. . . come with a list of big-time benefits, including $0 down payment, no mortgage insurance, flexible and forgiving credit guidelines and the industry’s lowest average fixed interest rates.”
— Veterans United 

The Benefits of VA Home Loans

These loans are meant to help make home buying more accessible for those who have served in the military. They also offer families the chance to settle down and invest in their own homes. Here are some key benefits of these loans, as highlighted by the Department of Veterans Affairs:

  • No Down Payment Needed: A major advantage for many Veterans is the ability to purchase a home without needing to make a down payment.

  • Limited Closing Costs: VA loans help keep more money in your pocket by capping the types of closing costs you’re responsible for when buying a home.

  • No PMI Required: With a VA loan, you don’t have to worry about private mortgage insurance—even if you’re not making a big down payment. That means lower monthly costs and more savings in the long run.

If you're looking to find out more, the best people to turn to for all the options and benefits of VA loans are your real estate professionals. This includes a knowledgeable local agent and a reliable lender.

Bottom Line

VA home loans provide essential support that can really change your life. A reliable lender and agent will ensure you grasp all the details and have a solid plan in place to move forward.

Are you curious about whether you qualify for a VA home loan? Connect with a reliable lender who can guide you through the eligibility process.