The Benefits of VA Loans
The U.S. Department of Veteran Affairs insures the VA loan. That means lower initial and monthly rates for buyers. On interest rates alone, veterans could save an additional $50 to $75 per month.
On top of that, there is a NO down payment option. Coming up with the starting funds for a home is usually the hardest part of the experience, and conventional programs can sometimes request up to 25% down payment. With the VA loan, taking such a large payment out of the equation can relieve some of the weight off a potential homebuyer