How VA Loans Can Help You Buy a Home

For over 80 years, Veterans Affairs (VA) home loans have helped millions of veterans buy their own homes. If you or someone you know has served in the military, it's important to learn about this program and its benefits.

Here are some key things to know about VA loans before buying a home.

Top Benefits of VA Home Loans

VA home loans make it easier for veterans to buy a home, and they're a great perk for those who qualify. According to the Department of Veteran Affairs, some benefits include:

  • Options for No Down Payment: Qualified borrowers can often purchase a home with no down payment. That’s a huge weight lifted when you’re trying to save for a home. The Associated Press says:
“. . . about 90% of VA loans are used to purchase a home with no money down.”
  • Don’t Require Private Mortgage Insurance (PMI): Many other loans with down payments under 20% require PMI. VA loans do not, which means veterans can save on their monthly housing costs.
  • Limited Closing Costs: There are limits on the types of closing costs you pay when you qualify for a VA home loan. So, more money stays in your pocket when it’s time to seal the deal.

An article from Veterans United sums up how remarkable this loan can be:

“For the vast majority of military borrowers, VA loans represent the most powerful lending program on the market. These flexible, $0-down payment mortgages have helped more than 24 million service members become homeowners since 1944.”

Bottom Line

Owning a home is the American Dream. Veterans give a lot to protect our country, and one way to honor them is by making sure they know about VA home loans.

83 Properties
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$625,000
Neighborhood: Warm Mineral Spgs
11
Beds
10
Baths
2,550
Sq.Ft.
1968
Year Built
1
Day on Site
N6133391
MLS
$539,900
Neighborhood: Port Charlotte Sec 071
3
Beds
2
Baths
1,705
Sq.Ft.
2023
Year Built
1
Day on Site
D6136998
MLS
$675,000
Neighborhood: Rotonda West Broadmoor
4
Beds
3
Baths
2,420
Sq.Ft.
2006
Year Built
2
Days on Site
N6129431
MLS
$544,900
Neighborhood: Port Charlotte Sec 072
3
Beds
2
Baths
1,098
Sq.Ft.
2024
Year Built
3
Days on Site
C7494053
MLS
$749,999
Neighborhood: Hrbr Heights
4
Beds
3
Baths
2,629
Sq.Ft.
2002
Year Built
3
Days on Site
C7493333
MLS
$650,000
Neighborhood: Port Charlotte Sec 043
3
Beds
2
Baths
1,559
Sq.Ft.
1971
Year Built
4
Days on Site
C7493878
MLS
$729,500
Neighborhood: Punta Gorda Isles Sec 17
3
Beds
2
Baths
1,767
Sq.Ft.
1980
Year Built
5
Days on Site
C7493872
MLS
$599,900
Neighborhood: Port Charlotte Sec 58
3
Beds
2
Baths
2,085
Sq.Ft.
2024
Year Built
5
Days on Site
C7493823
MLS
Open 6/15
9203 Griggs Rd #304 Englewood,  FL 34224
$825,000
Neighborhood: Grande Preserve On Lemon Bay P
3
Beds
2F11/2
Baths
2,028
Sq.Ft.
2005
Year Built
6
Days on Site
C7492853
MLS
$544,900
Neighborhood: Port Charlotte Sec 072
6
Beds
4
Baths
1,098
Sq.Ft.
2024
Year Built
7
Days on Site
C7493889
MLS
$875,000
Neighborhood: Port Charlotte Sec 049
3
Beds
2
Baths
1,872
Sq.Ft.
1996
Year Built
15
Days on Site
N6133064
MLS
Open 6/15
17926 Grand Prosperity Dr Venice,  FL 34293
$635,000
Neighborhood: Sunstone Village F5 Ph 1A & 1B
3
Beds
2
Baths
2,005
Sq.Ft.
2023
Year Built
16
Days on Site
C7493181
MLS

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