VA Loan Benefits Explained In A New Loan Love Guide

Share Article’s new guide to VA Loans helps service members understand this very beneficial loan program. is a home loan borrower advice website that provides in-depth information in and easy to understand, concise and even entertaining way that both new borrowers and experienced home owners can benefit from. The website provides guides on many of the most popular loan products which can help borrowers to better determine which loan option is best for their situation. One of these recently published loan guides provides information on VA loan benefits. These types of loans are often the best option for veterans and currently active service members of the U.S. military.

The Loan Love VA Loan guide says, “If you’ve served in the military or you’re currently on active duty and you’re interested in buying a home, a V.A. mortgage could be a great option for you. In a VA loan, a portion of the loan is underwritten – or guaranteed – by the U.S. Department of Veterans Affairs, which means lenders who write mortgages under the VA program assume less risk than they would under a conventional mortgage.”

Loan Love goes on to explain that home buyers who qualify for a VA loan can buy their primary home with no down payment as long as the cost of the home is less than the home’s appraised value. The actual entitlement cap is $144,000, or about 25% of conforming loan limits. If the cost of the home the potential VA loan borrower wishes to buy exceeds these limits, but still falls within the conforming loan limits, they may still be able to buy the home using the entitlement and also with no down payment.

The guide also provides a list of some of the benefits of VA loans. It says:

“• The VA allows the seller to pay closing costs, which can mean big savings for the buyer; in fact, when the seller is willing to pay closing costs, the buyer can walk way without having to put a single penny down.

  • VA loans are not limited to first-time homebuyers, meaning veterans can use this benefit over and over again.
  • Buyers do not need to pay private mortgage insurance.
  • The loans are usually assumable by another qualified veteran, which can be a boon when it’s time to sell.”

The article explains that one of the only negatives about these loans is that they are not available to everyone. Only veterans and active service members are usually eligible, however surviving spouses can also benefit from these loans if certain requirements are met. In any case a Certificate of Eligibility (COE) must be procured.

The Loan Love guide ends by saying, “Although your circumstances can certainly vary, for most veterans and active-duty service members, the VA loan program is a great choice for a mortgage. Take a look at your finances, talk with your lender, and if you decide it’s right for you, don’t forget to apply early for your COE.”

For more information on VA Loans, please visit

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Kevin Blue
Loan Love
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