10 biggest advantages to VA mortgage loans in 2020 The VA loan: a lot better than FHA and loans that are conventional? There was a “right program” for every single mortgage borrower, but also for numerous, the VA loan is distinguishable for the mix of reduced prices, lenient underwriting, and additional advantages. Backed by the U.S. division of Veterans matters, VA financial loans are made to assist active-duty armed forces workers, veterans and specific various various other teams come to be property owners at a cost that is affordable. The VA loan wants no advance payment, needs no home loan insurance coverage, enables versatile instructions for certification among its other benefits. Skip to: Top ten benefits 1. No advance payment on a VA loan Many mortgage loan programs need you to make at the very least a tiny down-payment to get a property.