Today, we’re diving into something close to my heart—the VA loan.

Why? Because this isn’t just about mortgages. It’s about what we owe to the people who’ve literally put their lives on the line for the rest of us. And yes, my connection to this runs deep.

Let me share a story. My dad was a Vietnam vet. He flew helicopters into enemy fire to rescue people trapped on the ground. Over the years, veterans who knew him told me the same thing: “Your dad was a badass.”

That’s why helping veterans has always been a mission for me. I’ve done loans for so many Vietnam vets, and I’ve seen firsthand how powerful the VA loan can be in changing their lives. But here’s the kicker: too many veterans don’t even know this incredible benefit exists—or they’ve been misled by myths that keep them from using it.

So, let’s break it down. Why should you know about the VA loan, even if you’re not a veteran? Because when you understand it, you can help spread the word to those who need it most.

What Makes the VA Loan So Unique?

Here’s the highlight reel:

• $0 Down Payment: That’s right. No down payment needed, which means veterans can become homeowners without waiting years to save up.

• No PMI: Unlike most loans, VA loans don’t require Private Mortgage Insurance. That’s hundreds (even thousands) of dollars saved every year.

• Low Interest Rates: VA loans often have lower rates than conventional loans, making them one of the most affordable loan options out there.

• Flexible Debt-to-Income Ratios: VA loans allow DTIs in the high 50% range—sometimes even 60%—if other factors are strong. This means veterans with more monthly obligations can still qualify for a home loan.

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Let’s Talk About the Myths

The VA loan program is amazing, but there’s a ton of misinformation out there. Let’s debunk some of the biggest myths:

Myth 1: VA Loans Are Hard to Qualify For

• Reality: Many lenders accept a minimum credit score of 580, and the VA itself doesn’t even set a minimum score. Plus, VA loans are backed by the Department of Veterans Affairs, which makes lenders more willing to approve applications.

Myth 2: VA Loans Are Only for First-Time Homebuyers

• Reality: Veterans can use their VA loan benefits multiple times, as long as they meet eligibility requirements. You can even have more than one VA loan at the same time under certain circumstances.

Myth 3: VA Loans Take Forever to Close

• Reality: Thanks to streamlined processes, VA loans close just as fast as conventional loans—typically within 40-50 days, but we can close VA loans with my team in as little as 25 days.

Myth 4: You Can’t Use a VA Loan for Multi-Unit Properties

• Reality: Veterans can purchase properties with up to four units using a VA loan, as long as they live in one of them. Think of it as an opportunity to become a homeowner and a landlord at the same time.

Myth 5: The Funding Fee Is a Dealbreaker

• Reality: While VA loans do include a funding fee (used to keep the program running), this fee can often be waived for veterans with a service-connected disability—even as low as 10% disability rating. And if it’s not waived, it can be rolled into the loan, so there’s no upfront cost.

A Unique Feature: The Tidewater Initiative

Let’s get into one of the coolest parts of VA loans: the Tidewater Initiative.

If an appraiser thinks the property isn’t going to appraise for the agreed-upon price, they don’t just issue a low appraisal. Instead, they initiate Tidewater, which gives the buyer and their realtor 48 hours to provide additional evidence (like comparable sales or recent upgrades) to support the property’s value.

Think about it: for other loans, you’d just get the bad news with no chance to fix it. With Tidewater, VA loans give you a fighting chance to save the deal.

Why Understanding the VA Loan Matters (Even If You’re Not a Veteran)

Maybe you’re not a veteran, but chances are, you know someone who is. Here’s how you can make a difference:

1. Start the Conversation: Next time you talk to a veteran, ask, “Are you a homeowner?” If they’re not, let them know about the VA loan. It’s one of the most powerful tools for building wealth.

2. Advocate for Them: Veterans are proud, and many don’t want to deal with the government or VA paperwork. Help them see the VA loan as their right, not a handout.

3. Share the Truth: The more people understand the myths and realities of VA loans, the more veterans we can help become homeowners.