8 VA Loan Myths Debunked

Myth 1: VA loans are slow to close

Truth: Valley West closes VA loans in 28 days average — faster than the 44-day national average for conventional loans.

Myth 2: Sellers hate VA offers

Truth: A strong pre-approval letter eliminates seller concerns. VA buyers are often the most qualified — steady income, job stability, and a government guarantee.

Myth 3: You can only use VA once

Truth: VA entitlement is reusable. You can have multiple VA loans simultaneously or restore entitlement after selling.

Myth 4: VA loans have a maximum amount

Truth: With full entitlement, there is no VA loan limit. You can buy a $1M+ home with $0 down.

Myth 5: VA appraisals always kill deals

Truth: VA appraisal pass rates are over 90%. The inspection protects you from overpaying. Valley West handles any issues that arise.

Myth 6: You need perfect credit for VA

Truth: VA has no official minimum credit score. Most lenders accept 580+. Valley West works with all credit levels.

Myth 7: The funding fee makes VA expensive

Truth: The 2.15% funding fee is far less than paying PMI for years. Plus disabled veterans pay $0. And you save $66K+ over conventional over 30 years.

Myth 8: VA is only for buying — not refinancing

Truth: VA IRRRL (Interest Rate Reduction Refinance) is one of the fastest, easiest refis available. No appraisal needed. See VA refinance options →

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