VA Loan Myths vs. Reality for JBLM Homebuyers

If you’re stationed at Joint Base Lewis-McChord (JBLM) or planning to settle nearby, chances are you’ve heard a lot of opinions about VA loans—some helpful, some outdated, and some just plain wrong. VA loans are one of the most powerful benefits available to service members and veterans, but myths often stop buyers from using them.

Let’s clear things up.

Reality: VA loans can close just as fast as conventional loans.

While VA loans include an appraisal process with specific guidelines, most delays come from paperwork or lender inexperience—not the VA itself. In the competitive JBLM housing market, working with a lender and real estate agent familiar with VA transactions makes all the difference.

Bottom line: With the right team, VA loans close on time.

Reality: VA loans are more forgiving than many other loan types.

The VA doesn’t set a minimum credit score. While lenders may have their own requirements, VA loans often approve buyers with lower credit scores compared to conventional loans.

Bonus: VA loans focus more on overall financial stability than just a number.

Reality: VA loans are reusable.

You can use your VA benefit multiple times—as long as you have remaining entitlement or restore it after selling or refinancing a previous VA-backed home.

For service members who PCS frequently (common at JBLM), this flexibility is a huge advantage.

Reality: VA loans often have lower interest rates.

Because VA loans are backed by the Department of Veterans Affairs, lenders take on less risk. That often translates to lower interest rates compared to conventional loans.

Lower rates = lower monthly payments.

Reality: VA offers are competitive when written correctly.

Some sellers worry about VA appraisals or repairs, but in reality, VA requirements are about safety and habitability—not cosmetic issues. In the JBLM area, many sellers are already familiar with VA buyers due to the strong military presence.

A knowledgeable agent can help structure a strong offer that sellers feel confident accepting.

Reality: Many buyers are exempt.

You may be exempt from the VA funding fee if you:

• Receive VA disability compensation
• Are eligible for compensation but receive retirement pay instead
• Are a surviving spouse of a veteran who died in service or from a service-connected disability

This can save thousands of dollars upfront.

Why VA Loans Are a Great Fit for JBLM Homebuyers

Living near JBLM means frequent relocations, competitive housing, and unique financial considerations. VA loans offer:

• $0 down payment options
• No private mortgage insurance (PMI)
• Flexible credit guidelines
• Lower interest rates

For many service members and veterans, it’s one of the strongest paths to homeownership in the area.