Dear Dave,
I’m a veteran thinking about buying my first home, but I’m not sure if a VA loan is really worth it. I’ve heard it can be complicated, and some people say sellers don’t like them. Can you explain how the VA home loan program works and whether it’s a good option right now?
— Chris, Grand Junction
Dear Chris,
First off, thank you for your service—and congratulations on taking the first steps toward homeownership. You’re asking a great question. There are many misconceptions surrounding VA loans, but the truth is that this is one of the best benefits available to veterans and active-duty service members. In today’s market, the advantages of a VA loan are hard to beat.
Let’s look at what makes them special and what to keep in mind as you move forward.
1. The VA Loan Advantage
The U.S. Department of Veterans Affairs backs VA home loans, and they exist to make homeownership more accessible for those who’ve served. The biggest benefits include:
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No down payment required for most borrowers — a huge advantage when conventional loans often require 3–20%.
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No private mortgage insurance (PMI) — which means your monthly payments stay lower.
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Competitive interest rates that are typically better than conventional loans.
These benefits make it easier to qualify and more affordable to buy, especially when every dollar matters.
2. Why It Matters Right Now
VA loans are playing a bigger role today as affordability remains tight. Because they eliminate the down payment and PMI, they allow qualified buyers to purchase sooner without having to save as much cash upfront.
And despite the rumor mill, most sellers and agents are very open to VA buyers — especially when the deal is presented by a knowledgeable lender and agent who understands how to navigate the process smoothly.
3. A Few Things to Know Before You Apply
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Check your eligibility. Most veterans, active-duty service members, and qualifying Guard or Reserve members qualify, but you’ll need a Certificate of Eligibility (COE) from the VA.
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Buy a home that meets VA standards. The property must be your primary residence and meet minimum property condition requirements.
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Understand your costs. Even without a down payment, you’ll still have closing costs, inspection fees, and the optional VA funding fee — which can be rolled into your loan.
The key is working with a lender experienced in VA loans. They’ll help you understand exactly what to expect, how long it takes, and how to structure your offer competitively.
4. The Bottom Line
For many veterans, the VA loan isn’t just “an option”—it’s a game changer. It can help you buy sooner, with less out-of-pocket cost, and often at a better rate.
If you’ve earned this benefit, use it. You served your country — now let your country serve you with one of the best home-buying tools out there.
All the best,
Dave Kimbrough
The Kimbrough Team – RE/MAX 4000
Have a Question? Ask Dave!
