There are many reasons why you should pursue a VA loan. First and foremost, VA loans allow home buyers to purchase a home with little or no money down. Other benefits to consider include:
* A buyer can assume your loan if you decide to sell your home.
* The elimination of mortgage insurance premiums.
* Potentially lower closing costs.
* No pre-payment penalties.
* The potential to negotiate the interest rate.
* Possible home warranties for a home inspected by VA during construction.
* Possible VA assistance due to temporary financial hardships.