VA Loan Myths That Are Costing Veterans Their Dream Homes

April 24, 2025

VA Loan Myths That Are Costing Veterans Their Dream Homes

If you’re a veteran or active-duty service member dreaming of homeownership, chances are you’ve heard some things about VA loans — and not all of them are true. Unfortunately, misinformation is one of the biggest obstacles keeping veterans from using the benefits they’ve earned. Let’s set the record straight.

Myth #1: VA Loans Take Too Long to Close

Truth: VA loans close just as fast as conventional loans when you’re working with the right lender and agent. We’ve closed VA loans in as little as 17 days — faster than some conventional deals. The key is experience. Our team partners with lenders who specialize in VA loans, making the process smooth and predictable.

Myth #2: You Can Only Use Your VA Loan Benefit Once

Truth: Nope. You can use your VA loan benefit multiple times — and even hold more than one at a time in certain situations. Whether you’re upgrading, downsizing, or moving due to PCS orders, your benefit goes with you.

Myth #3: VA Buyers Are Weak Offers in Competitive Markets

Truth: This one gets under our skin. VA buyers are just as strong — if not stronger — than any other buyer. With zero down and no private mortgage insurance (PMI), your monthly payment may be lower, giving you more financial flexibility. Plus, a good agent knows how to write a clean, compelling VA offer that gets accepted.

Myth #4: VA Loans Don’t Cover Enough

Truth: In El Paso County, the VA loan limit is currently no limit for buyers with full entitlement. That means you can shop confidently in today’s market without worrying about cap restrictions — assuming you qualify based on income and credit.

Myth #5: You Have to Be Active Duty to Use a VA Loan

Truth: Veterans, reservists, and even certain surviving spouses can be eligible. We help folks every day who thought they didn’t qualify — and they were wrong. If you’re not sure, let’s find out together. It costs you nothing to ask.

Bottom Line

The VA loan is one of the most powerful tools in real estate — but too many veterans are missing out because of bad information. At Veteran Home Team Colorado, we specialize in helping military families take full advantage of their benefits. You served us now it’s our turn to serve you.

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