MILITARY MOVE EXPERTS
Serving military home buyers with experience and care.
Buying a home with a VA loan can be a great opportunity for eligible military buyers. If you are active duty, a veteran, in the Guard or Reserves, or an eligible surviving spouse, this benefit may help make homeownership more accessible and affordable.
VA Loan Benefits
Little to no down payment in many cases
No monthly private mortgage insurance (PMI) on most VA loans
Competitive interest rates
Flexible credit and qualifying standards compared with some other loan types
The ability to use the benefit again, if eligibility requirements are met
Assumability of the loan when going to sell
What military buyers should know
VA Loan Myths vs. Facts
Clear up the most common misconceptions before you start your search.
Myth
You can only use a VA loan one time.
Fact
Many eligible buyers can use their VA home loan benefit more than once. In some cases, the benefit can be restored after a home is sold and the loan is paid off.
Myth
You need a large down payment.
Fact
Many eligible buyers can purchase with little to no down payment, although funds may still be needed for upfront and closing costs.
Myth
VA loans are only for single-family homes.
Fact
Eligible buyers may be able to purchase single-family homes, approved condominiums, certain manufactured homes, and multifamily properties up to 4 units if they occupy one of the units.
Myth
A VA loan can be used for a pure investment property.
Fact
VA loans are generally intended for primary residences. Buyers typically need to plan to live in the home and meet occupancy requirements. If the buyer later moves and keeps the property as a rental, that may be possible after meeting occupancy requirements.
Myth
VA loans are harder for sellers, so offers never get accepted.
Fact
VA-financed purchases close every day. They do have appraisal and property condition requirements, so working with an experienced agent and lender can help make the process smoother.
BEFORE YOU MOVE FORWARD
Important Things to Know
A VA loan can be a powerful benefit, but knowing the basics ahead of time can help you move through the process with more confidence.
The home must be your primary residence
VA loans are generally intended for homes you plan to live in.
A Certificate of Eligibility may be required
Your lender can often help you obtain your COE, which helps confirm eligibility for the VA home loan benefit.
There is usually a VA funding fee
Many buyers pay a funding fee, while others may be exempt depending on their situation.
The property must meet VA standards
The home usually must meet minimum property requirements related to safety, sanitation, and structural soundness.
You should still plan for upfront expenses
Even when no down payment is needed, buyers may still have costs such as earnest money, inspections, appraisal-related costs, prepaid items, settlement charges, and moving expenses.
A Great Fit For:
✓ PCS buyers
✓ Veterans
✓ Buyers who want to preserve cash savings
✓ Buyers looking at multi-family properties and planning to live in one unit
✓ Eligible buyers who want flexible financing options
Questions to Ask Lenders:
When do you order the appraisal?
Do you have an origination fee and if so, how much?
How fast is your VA process and how fast can you get from contract to closing?
Before You Start Shopping
A trusted lender
A mortgage preapproval
Your basic financial documents ready
A real estate agent who understands military moves and VA financing
A clear plan for your timeline, especially if you are relocating due to PCS
A VA loan can be one of the most valuable home financing benefits available to eligible military buyers. It offers flexibility, potential upfront savings, and options that may make homeownership more accessible. Understanding how it works can help you make confident decisions and avoid common misconceptions.
If you're interested in learning more, the best next step is to connect with a knowledgeable real estate professional who understands the VA process and the realities of military moves.
The owner of the Devin Carver team is a Marine Corps veteran with extensive experience with VA loans. When using your VA benefits, it is encouraged to work with a certified military relocation professional. The Devin Carver Team has agents with this designation who are ready to help you maximize your VA loan benefits.