Nearly any mortgage lender will tell you a VA loan is one of the very best deals in the industry. Some would even say it’s the best.
But despite all its benefits – no down payment, relaxed credit guidelines, and less restrictive income requirements – there are disadvantages of a VA loan.
There are only a few, but they’re well worth being aware of before applying for a loan. In some cases, you may even need to apply for a different type of financing.
What are the disadvantages of a VA loan?