Jun 1, 2021 3 min read
5 VA Loan Myths: What Homebuyers Should Know
Updated October 6, 2026.A VA-backed loan can be useful if you qualify, but eligibility, loan approval and the home's suitability are separate questions. The VA guarantees part of the loan; a private lender provides the financing and reviews your application.Start by obtaining your Certificate of Eligibility, or COE, and asking a lender about the payment, cash needed at closing and property requir