Zero down payment. A VA loan allows up to 100% financing, which means you can buy a home with no money down.

No mortgage insurance. Saving on annual insurance premiums is another excellent feature of VA loans.

Flexible credit requirements. You can get a VA loan even if you have a low credit score.

Lower closing costs. The VA limits the amount a lender can charge while some borrowers may qualify for zero lender fees. The VA also prohibits broker commissions, lender attorney fees, and prepayment penalties.

Multiple usages. There are no limits on the number of times one can apply for a VA loan.