For those who’ve served our nation, few financial benefits are as powerful—or as underutilized—as the VA home loan. This exclusive program, guaranteed by the Department of Veterans Affairs, provides a clear path to homeownership for veterans, active-duty service members, eligible reservists, and surviving spouses.
What Makes a VA Loan Different?
The standout feature is simple yet life-changing: no down payment required. Unlike conventional loans that often require 3%–20% down, a VA loan allows you to finance 100% of the home’s value—and do so without private mortgage insurance (PMI).
That means you save thousands at closing and potentially hundreds per month. Combine that with competitive interest rates—often lower than conventional loans—and you could save tens of thousands of dollars over the life of your mortgage.
Flexible Qualification and Lower Costs
VA loans are designed with military families in mind. The credit and income guidelines are more flexible, debt-to-income ratios can be higher, and the VA limits what lenders can charge in closing costs. Plus, sellers can cover some (or all) of those costs, making your move even more affordable.
Even the VA funding fee, which helps keep the program running, can be rolled into your loan. And if you have a service-connected disability, you may be exempt from paying it entirely.
Refinance Options for Veterans
If you already own a home with a VA loan, the VA Interest Rate Reduction Refinance Loan (IRRRL)—commonly known as the “VA Streamline”—makes it easy to lower your rate or monthly payment with minimal paperwork and no appraisal in many cases.
Bottom Line
You served our country. Now it’s time to take advantage of a benefit you’ve earned. With no down payment, no PMI, and some of the lowest rates available, a VA loan could make homeownership easier and more affordable than ever before.
At HomeTown Lending, I’ll personally guide you through the process—from confirming eligibility and obtaining your Certificate of Eligibility (COE) to closing on your new home with confidence.
