Many benefits are provided by a VA Loan. To start, there is no money required down on existing homes. This is not common with other loans. New Construction varies with this type of loan on how much down payment. No mortgage insurance required and the debt ratio is higher than other loans. This opens more opportunity avenues for a veteran to qualify for a home with this flexibility. In truth, lenders are looking for solid income and credit score is not a major factor compared to other loans. Perfect credit is not required or mandatory, however, it is noted that all payments must be on time and no minimum credit score required. There is a one time VA funding fee, this is calculated and based on the sales price of the home. This fee can be rolled into the loan. Remember using a VA loan to purchase your home must be your primary residence that you live in most of the year. Also, using this example, you live in it most of the year, then want to rent it out, you are eligible and can and refinance the mortgage. Again the VA guidelines are more flexible than any other loan. To be eligible for this loan you must serve 90 days minimum of active duty time during a time of war, six years of National Guard of Reserve and minimum 181 days of active duty during peacetime. Once you sell the home you eligibility is restored. If your loan is assumed that portion is tied up. I would never have someone assume my VA loan. If they default, you can be put in a bad position. Again, I emphasize that this is the best loan on the market so why not take advantage of this product that you truly deserve and earned. Feel free to have me serve you and your family with my expertise. One 30 year Air Force veteran realtor helping another. Contact me today at 850 496-6412 to assist.