05/11/2026
In honor of Armed Forces Day, this Saturday May 16th. Let's debunk some myths about VA Home Loans….
1. You can only have one VA Loan- FALSE
TRUTH: You can only use your VA loan to purchase a home for primary residence. When you want to move from the first home, you can rent it out or keep it as a second home. Either case you can still be eligible for a new VA loan for your new primary residence
2. VA rates are higher- FALSE
TRUTH: VA Loans are backed by the government, and government loans offer the lowest available rate on the market. As a “thank you” for your service, your VA Loan eligibility means you can save money over the life of your loan, simply by locking-in a lower interest rate.
3. All lenders offer VA loans: FALSE
TRUTH: Lenders must be approved directly by the VA to offer VA loans. Additionally, if your lender has in-house VA underwriting, the underwriter works directly with the lender. This means your transaction will be more efficient, making your home financing process faster.
If you have any questions about how you can use your VA loan to purchase a home as a first-time homebuyer or even a second property, please contact me! Your local Military Relocation Professional and fellow service member!
Shayla Honablew, Realtor
Serving MD & DC
Military Relocation Professional
240-688-7167
[email protected]
shaylahonablew.hyattandcompany.com
