5 Myths and 5 Related Facts About VA Loans

= 5 MYTHS ABOUT VA LOANS ** *** ΜΥΤΗ #1 ο Veterans Can Only Use Their VA Home Loan Benefit Once FACT There is no limit to using benefits for Veterans related to the number of times they buy a home. •MYTH #2 • Military Members Deployed Overseas Can't Get a VA Loan FACT Veterans are eligible to receive VA loans while deployed overseas. ΜΥTΗ #3 - A VA Loan can only be used to purchase a home %$1 24 %24 FACT VA Loans can be used to refinance a home, even up to 100% of it's value. ΜΥΤΗ #4 . VA Loans Take Forever to Close FACT Real Estate regulations in each state determine the process for closing a home. VA loans can close very quickly, often faster than other loan options. MYTH #5 • VA Loans are for individuals purchasing a starter home SOLD FACT VA Loans are often available for up to $1 million dollars. CENTER FOR VA LOANS