Paperwork. Confusion. Rejections. If you're a first-time buyer and a veteran, you've probably hit some walls trying to secure a mortgage. Here's the thing—VA loans are specifically designed to tear down those walls.

Unlike conventional loans that pile on the stress, VA loans streamline the process and eliminate major cost barriers. If you’ve served, you deserve a mortgage that works for you, not against you. This guide breaks down everything you need to know—minus the fluff.

• VA loans allow qualified borrowers to purchase a home with 0% down.
• No private mortgage insurance (PMI) is required, lowering monthly costs.
• Competitive interest rates compared to conventional loans.
• Flexible credit and income guidelines make VA loans accessible.
• Veteran protections limit closing costs and junk fees.

Traditional loans demand hefty down payments—sometimes up to 20%. On a $350,000 home, that’s a $70,000 hurdle.

With a VA loan? No down payment is required. That’s not just hype—it’s guaranteed by the Department of Veterans Affairs. Use that cash for moving costs, savings, or home improvements instead.

Most buyers who put down less than 20% must pay PMI, adding $100–$300/month to their bill. VA loans skip PMI altogether, offering significant long-term savings.

VA loans typically come with interest rates about 0.25%–0.50% lower than conventional loans (source). Over 30 years, that’s tens of thousands in savings.

VA doesn’t set a minimum credit score—lenders do. Many accept scores as low as 580. Even with past credit hiccups, bankruptcy, or limited history, you could still qualify.

The VA caps what lenders and sellers can charge you, reducing or eliminating junk fees and overcharging. Plus, you can negotiate for sellers to cover your closing costs.

Many would-be buyers think they’re not eligible—when they are. Here's a simplified breakdown:

Service Type

Minimum Service Required

Active Duty (Wartime)

90 consecutive days

Active Duty (Peacetime)

181 consecutive days

National Guard/Reserves

6 years (or 90 days active Title 10/32)

Surviving Spouse

If death was in service or service-connected

1. Credit Score: Most lenders want at least 620; some accept 580.
2. Debt-to-Income (DTI) Ratio: The VA suggests 41%, but higher DTIs may qualify with strong residual income.
3. Stable Income: Two years of steady income is typical, but exceptions exist.

1. Choose a VA-Approved Lender
• Find one with VA experience. It makes a difference.
2. Get Pre-Approved
• Provide income, credit, and service documentation.
3. Work With a VA-Savvy Agent
• Agents who know VA rules (like seller concessions and appraisals) can save you major headaches.
4. Make an Offer & Lock Your Rate
• Secure your rate and submit an offer that leverages your VA buying power.
5. Appraisal & Underwriting
• VA appraisal ensures fair market value. Underwriting gives the final go-ahead.
6. Close and Move In
• Final paperwork, key in hand. Mission complete—with no down payment.

Your VA loan benefit is powerful. Don’t let paperwork, lender myths, or confusion block your path to homeownership.

If you're looking for an easy path to homeownership:

• Be My Neighbor Mortgage specializes in helping veterans through the VA loan process. From eligibility to closing, they simplify every step. NMLS #1743790.
• reAlpha empowers buyers with a commission-free home search platform. With AI assistant "Claire," you'll find the perfect home and submit confident offers—without paying a real estate agent’s commission.

Together, we make VA homebuying simpler, faster, and smarter.

Not typically. Many close in 21–30 days—comparable to conventional loans.

 Most lenders want 620+, though some accept 580.

Yes. You can reuse it, restore it after selling it, and sometimes even hold two VA loans at once.

Yes, but you can negotiate for seller-paid costs, and you won’t pay PMI or excessive junk fees.

 Limited repairs may qualify. For major renovations, ask about VA Renovation Loans.

No. VA loans are available to many active-duty, reserve, and veteran service members and eligible spouses.

 No limit to full entitlement. Partial entitlement may be subject to county limits.

Loan approval is based on individual credit, income, and VA eligibility. Rates and terms vary by lender and market conditions. This is not an offer of credit or commitment to lend. Be My Neighbor Mortgage, LLC | NMLS #1743790 | Equal Housing Lender. In partnership with reAlpha, a commission-free homebuying platform that does not provide real estate or mortgage advice.