The main benefits are as follows:
1. No down payment on a VA loan
2. No mortgage insurance for VA loans
3. VA loans have a government guarantee
4. You can shop for the best VA loan rates
5. VA loans don’t allow a prepayment penalty
6. VA mortgages come in many varieties
7. It’s easier to qualify for VA loans
8. VA loan closing costs are lower
9. The VA offers funding fee flexibility
10. VA loans are assumable