03/10/2026
🇺🇸 VA Loan Myth vs. Fact – Test Your Knowledge!
I’m grateful to work with many veterans through my favorite VA lending partner, Chad Bowman-Va Loan Specialist, with Veterans United Home Loans here in Austin.
VA loans are one of the most powerful home financing tools available—but there are also a lot of misconceptions.
TRUE or FALSE?
1️⃣ Veterans can have multiple VA loans at the same time
2️⃣ Non-veterans can assume a VA loan, even as investors
3️⃣ After a VA foreclosure, a veteran can never use a VA loan again
4️⃣ Seller contributions can sometimes pay off buyer debts like credit cards
5️⃣ A veteran with 50% disability in Texas pays only half their property taxes
6️⃣ A veteran can buy a home with a parent on the loan
7️⃣ VA interest rates are typically locked at pre-approval
8️⃣ A non-approved condo may still be purchased with a VA waiver
9️⃣ Veterans with an “Other Than Honorable” discharge are never eligible
🔟 A 5% down payment can significantly reduce the VA funding fee
👉 Answers: 1T, 2T, 3F, 4T, 5F, 6T, 7F, 8T, 9F, 10T
VA loans are incredibly flexible, but the rules can be nuanced. If you’re a veteran and have questions about buying a home in Central Texas, I’m always happy to help.
And if you need an excellent VA lender, I highly recommend Chad & his team at Veterans United—they do a fantastic job helping veterans navigate the process.