VA Loan Benefits and Myths: Everything Veterans Need to Know

August 20, 2025

The VA home loan program is one of the most valuable benefits available to veterans, active-duty service members, and eligible surviving spouses. Yet, too many myths surround VA loans, causing confusion and missed opportunities. At Bonelli Financial Group , we specialize in helping military families cut through misinformation and secure fast, affordable home financing.

Fiction: You must have perfect credit and a large down payment to qualify.
Fact: VA loans were created to make homeownership more accessible. While most lenders prefer a credit score of 580 or higher, the VA itself does not require a minimum score. Even better, VA loans allow for zero down payment in most cases. This gives veterans a huge advantage compared to conventional and FHA loans.

Fiction: VA loans are just like other mortgage programs.
Fact: VA loans consistently provide unique advantages that save veterans money every month. Some of the biggest benefits include:
  • No down payment required for most borrowers
  • No monthly mortgage insurance , unlike FHA or conventional loans
  • Competitive interest rates , often lower than other loan types
  • Streamlined refinancing through the VA IRRRL program
  • Flexible credit requirements , making it easier to qualify
 At Bonelli Financial Group, we’ve seen firsthand how these benefits help families buy sooner and build equity faster.

Myth #1: VA loans are only for first-time buyers

Fact: VA benefits can be used multiple times throughout your life. Whether it’s your first home or your fifth, you can restore your entitlement and purchase again.

Myth #2: VA loans take longer to close

Fact: With the right lender, VA loans often close just as quickly as conventional loans. Our team regularly closes VA loans in 30 days or less.

Myth #3: VA loans can’t be used to refinance

Fact: VA loans offer the IRRRL (Interest Rate Reduction Refinance Loan) option, which helps borrowers lower their payments with minimal paperwork.

Myth #4: VA loans have higher interest rates

Fact: VA loans usually offer some of the lowest rates on the market, saving veterans money over the life of the loan.

Myth #5: VA loans can only be used once

Fact: Veterans can use VA financing more than once, and in some cases even hold more than one VA loan at a time.

Our team at Bonelli Financial Group has helped veterans nationwide secure fast approvals, competitive interest rates, and stress-free closings. We know VA loan requirements inside and out, and we make the process simple from application to funding.
VA loans are not complicated, slow, or limited — they are one of the strongest mortgage options available today. If you’re ready to buy or refinance, don’t let myths stand in your way. Contact Bonelli Financial Group today to explore your VA loan benefits and start your path to homeownership.

What's next?

VA loans are not complicated, slow, or limited.  They are one of the strongest mortgage options available today. If you’re ready to buy or refinance, don’t let myths stand in your way. Contact Bonelli Financial Group today to explore your VA loan benefits and start your path to homeownership.

Frequently Asked Questions (FAQ)

< Older Post

 Newer Post >

Best FHA Loans in Mesa AZ | Trusted Mortgage Broker – Bonelli Financial Group

September 24, 2025
Get FHA loans in Mesa AZ with Bonelli Financial Group. Work with a trusted mortgage broker near you and find the best mortgage lender in Arizona.

Mortgage Rates and the Fed Meeting: What Arizona, Texas, and Florida Home Buyers Need to Know

September 16, 2025
Learn how the Fed meeting could impact mortgage rates in Arizona, Texas, and Florida. Act now to refinance or buy with Bonelli Financial Group.

Refinance Mortgage Rates in Texas and Arizona After Jobs Report – Save Thousands Now

September 10, 2025
Lower refinance mortgage rates in Texas & Arizona after jobs report. See if you're eligible to save with cash-out or rate term refinance options today.

Trusted Mortgage Lender in Mesa AZ – Fall 2025 Home Loan & Refinance Guide

September 3, 2025
Get pre-approved fast or refinance your home with a trusted mortgage lender in Mesa AZ. Bonelli Financial Group offers local expertise, great rates, and fast service

DSCR Loans for Real Estate Investors: How to Qualify and Apply

August 27, 2025
Learn how to qualify for DSCR loans, calculate DSCR, and explore investment property financing with Bonelli Financial Group.

How to Get a Home Equity Loan with Poor Credit

August 13, 2025
Struggling with credit? Learn how to get a home equity loan with poor credit. Bonelli Financial Group helps you unlock your equity, even with a low score

5 Proven Tips to Get Fast Mortgage Approval in 2025

August 5, 2025
Need fast mortgage approval in 2025? Discover 5 expert-backed tips to speed up the home loan process and close quickly with Bonelli Financial Group.

Texas 50(a)(6) vs 50(f)(2) Loans: Cash-Out & Refinance Explained

July 30, 2025
Learn the difference between Texas 50(a)(6) cash-out loans and 50(f)(2) refinances. Discover which home loan option suits your needs with expert advice from Bonelli Financial Group.

What is the Difference Between a Conventional Loan and FHA?

July 22, 2025
If you're planning to buy a home, you'll probably come across two major types of home loans early on: FHA loans and conventional loans. Both are popular, but they work differently. Understanding how each one functions can help you make better decisions and avoid unnecessary costs or complications.

How the One Big Beautiful Bill is Benefitting Real Estate Professionals

July 14, 2025
On the United States’ 249th birthday, President Trump signed the One Big Beautiful Bill Act, a landmark update with significant implications for the real estate investing community. This bill changes how investors manage property tax write-offs, depreciation deductions, and real estate income taxes for the foreseeable
Show More