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Advantages for Military Home Buyers

The VA Loan has many advantages that make it one of the most appealing paths to homeownership — and this great benefit is reserved exclusively to those who bravely served our country and select military spouses.

When combined, the benefits of the VA mortgage allow service members and Veterans to take advantage of substantial cost savings under qualification requirements designed specifically for members of the military and their unique needs.


Lower Payments

Competitive interest rates and no private mortgage insurance mean lower monthly payments.

No Down Payment

The VA Home Mortgage is one of the only home loans available today with no down payment required.

Easier to Qualify

The VA Loan Program provides home ownership opportunities for millions who wouldn't otherwise qualify for conventional financing.

First-Time Buyers

No down payment and relaxed credit standards means loans from the VA Program are especially helpful for first-time homebuyers.


Selling My Home With a VA Loan

Veterans who purchased a house with a VA-guaranteed loan may wish to sell that house eventually. There are two ways to sell the home: veterans may have their purchaser take out a new loan that pays off their existing loan, or they may have their purchaser assume the loan and the payments associated with the loan. Both options have advantages and disadvantages, and homes with a VA loan may be sold either way. The advantages of selling on a new loan are as follows:

  • The existing loan is paid in full, so the veteran doesn't have to worry about the purchaser falling behind in the payments
  • Full restoration of your VA entitlement
  • No prepayment penalty

However, there are also disadvantages. Including the fact that your property has to be appraised, closing costs tend to be greater, and repairs to your home may be required. The other method of selling a house, which involves having your purchaser assume the loan, has its own set of advantages and disadvantages. The benefits of this method include:

  • No appraisal required
  • Low closing costs
  • No repair requirements
  • Less overall processing
Not endorsed or sponsored by the Dept. of Veterans Affairs or any government agency.
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