3 Myths About VA Home Loans Debunked

By August 17, 2020 VA Loans
House in the foothills at night time

VA Home Loans are something that a lot of people don’t understand. Because of this, it’s easy for a lot of rumors and myths to start circulating about them. For example, what is the difference between a regular loan and a VA Loan? Once you learn about the VA Loan enough you’ll realize that these myths are just not true. Here are 4 common myths about VA Home Loans debunked, so you don’t have to worry about them!

Home Style

One common misconception about the VA Home Loan is that you can only buy a conventional home that is already built. With a VA loan, you will be able to buy a home or condo, or even choose to build your own custom home. Not only do you have these options, but if you wish to remodel the home that you already own, you have the option to refinance through the VA. There are even ways to reduce interest rates so that you can feel more comfortable with your payments.


Another common myth about VA Home Loans is that it’s harder to qualify for government loans. This proves to be true in the fact that the VA will most likely be more lenient on lower credit scores, making the VA Loan easier to secure. A common question about qualification asks if you have to be retired in order to qualify for a VA loan. There are tools online to help determine your eligibility, but the short answer is no, you don’t have to be retired.

Length of the Process

While it may take a bit longer to get your VA Eligibility Certificate, it does not take longer to get your VA loan compared to a conventional loan. If you go to an experienced lender that knows the process very well, they’ll be able to get you your loan as fast as any other loan. It’s a good idea to talk to the lender prior to the application so you can get everything required from you before the application process begins.

Questions? Let Us Know!

No matter what your question, VA Home Loans of Idaho is here to help you out. Give them a call for a free consultation. On the phone, you can discuss interest rates, upfront costs, and eligibility requirements. Call VA Home Loans of Idaho today!

Leave a Reply

Call Now Button(208) 863-6610