Know your Benefits

The truth is, most service members and veterans have no idea what the VA loan really is or how powerful it can be. Many think it’s just “another loan” or make assumptions about what the loan entails. However, the VA loan is one of the strongest wealth-building tools in America, and it's a benefit you've earned.

At ValorVest, we’re here to change that. We break down the VA loan in simple ways, show you how to use it the smart way, and help you build a future of financial freedom. One property at a time.

🚫 VA Loan Myths — Debunked

❌ Myth #1: You can only use the VA loan once.

Fact: You can use it multiple times — even have two VA loans at once with remaining entitlement.

❌ Myth #2: VA loans take too long and sellers won’t accept them.

Fact: VA loans close in roughly the same timeframe as conventional loans, and sellers who hesitate usually don’t understand the program. That’s why having the right agent (and education) is key.

❌ Myth #3: You can’t buy a nice or expensive home with the VA loan.

Fact: There is no official loan limit if you have full entitlement — you can buy million-dollar homes with 0% down, depending on your income and debt-to-income ratio.

❌ Myth #4: VA loans are only for first-time homebuyers.

Fact: Whether it’s your first or fifth home, if you're eligible — you can use the VA loan.

❌ Myth #5: You need a down payment.

Fact: The VA loan is truly zero down — no tricks, no catch. You’ll just need to cover closing costs (which can often be negotiated with the seller).

Unlocking the VA Loan: What They Don’t Teach You

- What is the VA loan?

The VA loan is a zero-down home loan program available to eligible U.S. service members, veterans, and some military spouses. It's backed by the Department of Veterans Affairs and allows you to buy a home with:

  • No down payment

  • No private mortgage insurance (PMI)

  • Competitive interest rates

It’s one of the most powerful tools for building wealth, and it’s earned, not given.

- Who qualifies for the VA loan?

You may qualify if you are:

  • Active duty military with 90+ days of service

  • A veteran with at least 181 days of service (or 24 months if post-1980)

  • A National Guard/Reservist with 6+ years of service or called to active duty

  • A surviving spouse of a service member who died in the line of duty

You must also meet the lender’s credit/income guidelines and have a Certificate of Eligibility (COE).

- Do I need perfect credit to get a VA loan?

No. While each lender sets their own credit requirements, many will approve borrowers with a credit score as low as 580–620. VA loans are designed to be more flexible than conventional loans.

- Can I use the VA loan more than once?

Yes. You can use your VA loan benefit multiple times, even simultaneously if you have remaining entitlement. You can:

  • Sell your current home and reuse the benefit

  • Keep your home and use partial entitlement to buy another

  • Use it for multiple properties over your lifetime

- Can I use the VA loan to buy a multifamily property?

Yes, up to 4 units, as long as you live in one of them. This is called house hacking, and it’s a powerful strategy to build wealth while living for free or close to it.

- What fees or costs are involved?

There’s no down payment, but you’ll still need money for:

  • Closing costs (which can often be negotiated)

  • A one-time VA funding fee (can be rolled into the loan)

  • Optional inspections and appraisals

Some borrowers are exempt from the funding fee, like those with a VA disability rating.