Despite being one of the best mortgage options available, VA loans are often overlooked—especially in high-cost areas like Los Angeles. Why? Because myths, outdated information, and misconceptions continue to scare off buyers who could be taking full advantage of this powerful benefit.

Whether you’re a first-time buyer or a seasoned vet, it’s time to clear the air. Let’s break down some of the most common VA loan myths that might be holding you back—and show you how to move forward with confidence.

Myth #1: You Can Only Use a VA Loan Once

Reality: You can use your VA loan benefit multiple times.
Many veterans believe it’s a one-and-done deal—but that’s far from the truth. As long as you meet the eligibility requirements and have remaining entitlement, you can use your VA loan more than once. You can even use it again after selling your previous home, or in some cases, while still owning the first property.

Myth #2: VA Loans Take Too Long to Close

Reality: VA loans can close just as fast—sometimes faster—than other loans.
Working with a broker who specializes in VA loans makes all the difference. In many cases, formal approvals can be issued the same day. A lot of the “slow” reputation comes from lenders unfamiliar with the process, not from VA guidelines themselves.

Myth #3: You Need Perfect Credit to Qualify

Reality: The VA doesn’t have a minimum credit score requirement.
While most lenders do have credit score guidelines, they’re typically much more flexible with VA loans than with conventional financing. If you’ve had some credit bumps along the way, that doesn’t automatically disqualify you. In fact, many lenders look at your full financial picture, not just your score.

Myth #4: You Can’t Compete With a VA Loan in a Hot Market

Reality: VA buyers can compete—you just need the right strategy.
Sellers sometimes misunderstand VA loans, which creates hesitation. But strong offer terms, fast pre-approvals, and clean contracts can put you right in the game. The zero-down feature doesn’t make you “weaker”—it just makes you smarter with your cash.

Myth #5: VA Loans Are Only for Combat Veterans

Reality: VA loan eligibility extends far beyond combat service.
Active duty service members, National Guard, Reserve members, and even some surviving spouses may qualify. If you’ve served, don’t assume you’re not eligible, check your Certificate of Eligibility (COE) or speak to a mortgage professional.

Myth #6: You Have to Pay PMI Like Everyone Else

Reality: No private mortgage insurance. Period.
Unlike conventional loans, VA loans don’t require PMI, even with no down payment. That alone can save buyers hundreds of dollars a month, and make qualifying for a higher-priced home much more realistic in Southern California.

Myth #7: VA Loans Have Hidden Fees

Reality: VA loans have a funding fee—but many buyers are exempt.
The VA funding fee helps support the program, but it’s often misunderstood. Many veterans with service-connected disabilities are exempt from paying it. And for those who do pay, it can be rolled into the loan to reduce out-of-pocket costs.

Don’t Let Myths Cost You a Home

VA loans are a huge benefit, one that too many veterans and active duty service members leave on the table. Whether you’re worried about eligibility, speed, credit, or competitiveness, chances are the problem isn’t the loan, it’s the misinformation around it.

With the right guidance and a broker who knows the ins and outs of VA lending, you can turn your VA benefit into a key to homeownership.

Still have questions? Let’s talk about your situation and how to get started.