For many veterans, the dream of homeownership feels just out of reach. But what if you had exclusive homebuying advantages that civilian buyers don’t? VA loans offer unique benefits designed specifically for veterans and active-duty service members—many of which go overlooked.
Beyond the Basics: VA Loan Perks You Might Not Know
Most veterans are aware of the major benefits of VA loans—no down payment, no private mortgage insurance (PMI), and competitive interest rates. But there are additional advantages that could save you thousands of dollars and streamline your homebuying journey.
1. VA Loans Can Be Used More Than Once
Many veterans believe VA loans are a one-time benefit, but that’s a myth. As long as you meet entitlement requirements, you can use your VA loan benefit multiple times, even if you’ve owned a home before.
2. No Loan Limits for First-Time VA Borrowers
The days of VA loan limits are over! As of 2020, eligible veterans with full entitlement can purchase a home with no loan cap, provided they qualify based on income and credit.
3. VA Loans Cover More Than Just Traditional Homes
VA loans aren’t limited to standard single-family homes. They can also be used for:
✅ Condos (as long as they’re VA-approved)
✅ New Construction
✅ Multi-Unit Properties (up to four units) if one unit is your primary residence
4. You Can Avoid Funding Fees
Most VA loans include a one-time funding fee (ranging from 1.25% to 3.3% of the loan amount), but some veterans are exempt from paying it. If you receive VA disability benefits, you may qualify for a waived funding fee, saving you thousands of dollars.
5. Lower Closing Costs & More Flexibility
VA loans limit the amount veterans can be charged in closing costs, making homebuying more affordable. Plus, VA loans allow sellers to cover closing costs, meaning you might not have to pay out-of-pocket at all.
Who Qualifies for a VA Loan?
If you meet at least one of the following, you may be eligible for a VA loan:
✔ Served 90 consecutive days of active duty during wartime
✔ Served 181 days of active service during peacetime
✔ Served six years in the National Guard or Reserves
✔ Are a surviving spouse of a veteran who died in service or due to a service-related disability
Why Veterans Mortgage Solutions?
At Veterans Mortgage Solutions, we specialize in guiding veterans through every step of the VA loan process. From eligibility checks to closing day, we ensure you get the best deal possible with zero stress.
📢 Ready to claim your VA loan benefits? Let’s get started today!
➡ Apply Now