1. No Down Payment When you purchase a new home, you are required to come up with a certain amount of money for the down payment. This can range depending on the total price of the home and can often be an depending on the total price of the home and can often be an expense that is quite costly. Many families have to save up for years to afford a new homes down payment. But with a VA home loan, that down payment is waived in the majority of cases. This means a veteran can become a homeowner with no money down, allowing them to have a piece of the American Dream a lot easier. Its the only loan available todaywith nodown payment!