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[quote=Anonymous]we used one to buy this past summer.  I believe it was some more paperwork for both sides to sign and the VA home inspectors can be a bit more strict (although ours was NOT, which surprised us).

From our perspective, the VA Loan was an excellent way for us to finance our home.  Since we were looking at homes that needed updates/renovation, we didn't want to put all of our money into a 20% down loan and then have nothing left over to fix the home.  We put down 10% and don't have to pay PMI.  Although this didn't wind up being an issue, we also had the option of putting down almost nothing and then readjusting our loan had our previous home not sold before we purchased - there is a several month period when you can put more money toward a VA Loan and not have to pay refinancing fees.

We were solid buyers with excellent credit who easily could have qualified for a traditional loan, so don't discredit buyers using a VA Loan as automatically weaker buyers.  They may be using it as we were - for the flexibility it offered that traditional loans did not.[/quote]

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