VA vs. Conventional Loans

VA loans offer many unique advantages when compared to conventional loans. These differences can have a huge impact on the overall cost of acquiring a home. A few of the main differences are listed below.

No Down Payment

One of the biggest advantages to a VA loan is that no down payment is required. With the recent changes in the mortgage industry, virtually all conventional loans require a down payment, and loans with zero down have gone away. Since VA loans are partially guaranteed by the US government, there is less risk to the lender than conventional loans, and lenders are still willing to offer VA loans with no down payment.

No Monthly PMI on VA Loans

PMI is required on almost all conventional loans if the down payment is less than 20 percent of the purchase price. PMI is insurance that protects the lender in case of a default on the loan to help limit their potential losses. PMI can be very expensive and is kind of like paying a higher interest rate for making a smaller down payment. Once again, since VA loans are guaranteed by the US government, no monthly PMI is required.

Easier Qualifying on VA Loans

Many people think that the process for obtaining a VA loan is much more complicated than it is. Many of our past clients have been discouraged from getting Pre-Qualified for a VA loan by their realtors, family members, or friends because they were told that the process is so difficult. The VA Loan Place deals exclusively with VA loans and we have fine-tuned the process. Since the US government is partially guaranteeing the loan, VA loans are normally easier to get approved for because they represent less risk to the lender.

Convinced that a VA loan is your best option?

Get started today with you VA Loan Request!

Call and speak to one of our VA loan specialists today. The toll-free number is (866) 704-2826. You can also complete our safe, secure online request form. There is no obligation to you, and no cost to Get Pre-Qualified. You will be contacted by VA loan specialist who will assist you with each step from start to finish.

We'll Contact You Right Away
No obligation or SSN. It only takes 2 minutes
One of our knowledgeable and courteous VA
Loan experts will discuss your options with you

Get Pre-Qualified today - it's fast, FREE and secure!
Get Started Here!
Start your VA loan request. It takes less than 2 minutes.
Loan Type:
Secure form
Fast · Safe · No SSN
Contact us toll-free

Call Us Toll-Free:
1-866-704-2826



picture of happy couple

Your Information is Safe & Secure

GoDaddy SSL Seal: Click to verify (opens in new window)You are currently on our secure server and your personal information is encrypted, offering you the highest level of security.


VA Loan Place: Contact Us By Email, Telephone or Snail Mail
VA Loan Place: Bookmark Us
Back to the top of the page