Mortgage Myth #32: VA Loans

The Myth:

“VA loans are slow, complicated, and full of red tape.”

The Truth:

Almost everything you’ve heard about VA loans is wrong.

They’re one of the fastest, most affordable, and most flexible loan options available today — when handled by a VA-experienced lender.

Why People Believe This:

Most of the misinformation dates back decades.

VA loans used to require paper appraisals, longer approvals, and rigid underwriting. But times have changed — technology, automation, and specialized training have completely transformed the VA process.

Unfortunately, many buyers, sellers, and even agents still operate from outdated assumptions.

Detailed Breakdown: The 5 Myths That Keep Veterans on the Sidelines

“VA loans take forever to close.”

Modern VA loans close as fast — or faster — than conventional loans. With the right lender, most close in 21–30 days. The delay usually isn’t the loan type — it’s the lender’s process.

“You can only use your VA benefit once.”

Wrong again. You can use your VA entitlement over and over. You can even have more than one active VA loan at a time if you meet entitlement and occupancy rules.

“VA appraisals are tougher and kill deals.”

VA appraisers use the same market comps and appraisal standards as everyone else. The only difference is that they also make sure the property is safe, sound, and sanitary — which protects the veteran, not hurts the deal. Visit our Download Center to see the Minimum Property Requirements for a VA Appraisal. You might be surprised to know that VA appraisals are less strict than FHA appraisals.

“VA loans cost more because of the funding fee.”

The VA funding fee helps keep the program sustainable — but many veterans are exempt. And even when paid, it’s offset by lower rates and no monthly PMI. That means lower long-term payments and faster equity growth.

“VA loans are only for first-time buyers.”

Your VA benefit is a lifetime benefit. You can use it to buy, build, or refinance — whether it’s your first home or your fifth.

Real-World Example

A veteran client recently told me, “We were told sellers don’t like VA offers.”

We educated the listing agent, fast-tracked the appraisal, and closed in 24 days — with zero hiccups. The seller later admitted, “I didn’t know it could be that smooth.”

The Bottom Line

VA loans aren’t complicated. They’re simply misunderstood.

When handled by a lender who knows the system inside and out, they’re one of the most powerful homeownership tools available to those who served.

Take the Next Step

If you’re a veteran or working with one, don’t let outdated myths cost you opportunities.

👉 Request your free VA Readiness Plan by sending me a message through my contact center and see how your benefit can work for you — faster than you think.