VA Home Loan Myths: What Veterans Need to Know
When it comes to VA home loans, there’s a lot of confusion out there — even among veterans. From misconceptions about eligibility to myths about hidden fees, bad information keeps many veterans from using one of their most powerful benefits.
At Veterans Mortgage Solutions, we’re here to break down the truth so you can move forward with confidence.
🧱 Myth #1: You Can Only Use the VA Loan Once
Fact: You can use your VA loan benefit multiple times — even if you’ve used it before. In many cases, you can even have more than one VA loan at a time if your entitlement allows.
📖 Learn about how the VA loan process works »
💳 Myth #2: You Need Perfect Credit to Qualify
Fact: VA loans are flexible when it comes to credit. While a 620 score is a common benchmark, we’ve helped veterans with lower scores qualify using manual underwriting and compensating factors.
📖 See our VA loan credit requirements »
🏠 Myth #3: You Can’t Use a VA Loan to Buy a Second Home
Fact: While VA loans are intended for primary residences, that doesn’t mean you can’t later rent out your property or use the benefit again when you move. You can even do a VA cash-out refi later to access equity.
📖 Explore VA cash-out refinance options »
💰 Myth #4: VA Loans Have High Fees
Fact: VA loans actually have no private mortgage insurance (PMI) and often lower rates than conventional loans. While there is a one-time VA funding fee, many veterans are exempt, and it can be rolled into the loan.
🪖 Myth #5: Only Active-Duty Military Can Use It
Fact: VA loan eligibility includes:
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Veterans with qualifying service
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Active-duty military
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National Guard and Reservists
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Some surviving spouses
If you’ve served, you likely qualify — and we can help you get your Certificate of Eligibility (COE) quickly.
🌐 Check VA eligibility requirements (External)
🏆 Why Work With Veterans Mortgage Solutions?
✅ We specialize in VA loans — it’s not a side service, it’s our mission.
✅ Soft credit pulls – so you can explore your options risk-free.
✅ Real guidance from mortgage pros who care about veterans.
✅ We fight for approvals even when others say no.