7 VA Loan Myths That Idaho Veterans Need to Stop Believing

VA-loan-myths-Idaho buyers still believe in 2025 could cost you thousands. The VA loan is one of the most powerful tools for veterans in Idaho to buy a home. But misinformation continues to spread. From thinking you can only use it once to assuming they take forever to close - these myths are holding people back.

But despite their benefits, many buyers and realtors still believe outdated or incorrect information about VA loans. Let’s clear up the confusion by busting seven of the most common myths.

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

✅ Truth: You can use your VA loan benefit more than once. As long as you have enough entitlement left - or have restored it after selling your previous home - you can use your VA eligibility again.

❌ Myth 2: You Need Perfect Credit

✅ Truth: VA loans are more flexible with credit than many other loan types. While lenders do have minimum score requirements, you don’t need perfect credit to qualify. In fact, VA loans are known for working with borrowers with past credit challenges.

❌ Myth 3: VA Loans Take Longer to Close

✅ Truth: When you work with a lender who understands VA loans, the timeline can be just as fast as conventional loans. At 1st Choice Mortgage, we close VA loans in the same timeframes as other programs - sometimes even faster.

❌ Myth 4: VA Appraisals Are Too Strict

✅ Truth: VA appraisals are thorough, but they’re designed to ensure the home is safe, sound, and sanitary - not to make your life harder. If a home meets basic standards, it can qualify for a VA loan.

The VA Tidewater process is easy and quick, find out more here.

❌ Myth 5: VA Loans Are Only for First-Time Buyers

✅ Truth: VA loans are for any qualified buyer, whether it’s your first home or your fifth. You can reuse the benefit multiple times, as long as you’re eligible.

❌ Myth 6: VA Loans Are More Expensive

✅ Truth: Some veterans avoid VA financing because they’ve heard it’s more expensive. The truth? A VA mortgage loan often represents the most affordable path to homeownership for eligible borrowers. While VA loans include a funding fee, this can be financed into the loan amount. Plus, certain veterans with service-connected disabilities may qualify for a funding fee waiver. When combined with competitive interest rates and no mortgage insurance, VA loans frequently offer the lowest overall cost.

❌ Myth 7: Sellers Hate VA Loans

✅ Truth: This has changed rapidly. Many Realtors and sellers now prefer VA loans. Property repairs are quite minor if any. Appraisal-driven repairs just require urgency and communication between Realtors. VA Loans actually close at a higher rate than FHA and Conventional once under contract!

🎯 Final Word on VA Loans in Idaho

Don’t let misinformation stop you or your clients from using one of the best home loan options available. The VA loan is a well-earned benefit, and it’s one of the few ways to buy a home with no down payment and no monthly mortgage insurance.

📞 Ready to Get Started?

As one of Idaho’s top VA lenders, 1st Choice Mortgage can walk you through every step of the process. We know VA loans inside and out - and we make it easy.

Call us today at (208) 375-LOAN or contact us online to explore your options.