What Every Veteran Should Know Right Now
If you’ve served in the military, or if your spouse has, you have access to one of the most powerful homebuying tools out there: the chance to buy a home with no down payment.
Yet, according to Veterans United, 70% of Veterans don’t know about this benefit. That’s a big, missed opportunity for those who’ve earned it through service. Here’s what to know about VA home loans right now.
Why VA Home Loans Are a Great Option: For nearly 80 years, VA loans have helped millions of Veterans and active-duty service members achieve homeownership. The Department of Veterans Affairs highlights these key advantages:
- $0 Down Payment: Many Veterans can purchase a home without spending years saving up.
- Fewer Upfront Costs: The VA limits which closing costs Veterans must pay, keeping more cash in your pocket.
- No Private Mortgage Insurance (PMI): This lowers your monthly payments compared to many other loan types.
These benefits make VA loans a powerful path to building stability and long-term wealth through homeownership.
Can You Still Get a VA Loan During the Government Shutdown? There’s been confusion about whether VA loans are still available amid the government shutdown. The good news: they are.
While there may be processing delays, Veterans United explains that lenders can still order appraisals, obtain Certificates of Eligibility, and submit VA Funding Fees. In short, Veterans can still use their home loan benefit to buy or refinance a home, it may just take a little longer to process.
Why the Right Agent and Lender Matter: Navigating a VA loan is much easier with the right team behind you. VA News advises:
“Choosing a military-friendly broker or agent who understands the VA home loan application process can make all the difference.”
A knowledgeable agent and an experienced lender can guide you through every step, from qualifying to closing, ensuring you get the full value of your benefit and a smoother path to homeownership.
Bottom Line: If you’re a Veteran, a VA home loan is one of the most valuable benefits you’ve earned. With options for no down payment, limited closing costs, and no PMI, it’s a smart way to secure a home and invest in your future. If you’re ready to explore your VA loan options or want to learn what you qualify for, let’s connect and get you started today.
Questions about buying or selling a home in Beaverton? Contact me! 503.583.3200 or email donna.meeuwsen@exprealty.com.
