5 Myths About VA Loans Every New Hampshire Veteran Should Know
5 Myths About VA Loans Every New Hampshire Veteran Should Know
Why VA Loan Myths Can Cost Veterans Money
VA loans are one of the most powerful benefits available to veterans and military families. Yet, misinformation keeps many from using them. Some veterans think they need perfect credit, others believe VA loans are slower or harder to close. These myths can lead to missed opportunities and unnecessary costs.
At Damon Home Team, we believe knowledge is power. Let’s bust five of the most common VA loan myths so you can move forward with confidence.
Myth 1: You Can Only Use the VA Loan Once
The Truth: You can use your VA loan benefit multiple times throughout your life. As long as you restore entitlement after paying off a VA loan (or selling a VA-financed home), you can use it again.
Myth 2: VA Loans Take Too Long to Close
The Truth: VA loans used to have a reputation for delays, but today they close in the same timeframe as conventional loans. With Damon Home Team and our trusted VA lenders, closing typically happens in 30–45 days, which is standard for the New Hampshire market.
Myth 3: VA Loans Are Only for First-Time Buyers
The Truth: VA loans aren’t limited to first-time homebuyers. Whether this is your first or fifth home, your VA benefit applies as long as you’re eligible and the property meets requirements.
Myth 4: You Can’t Buy a Nice Home with a VA Loan
The Truth: VA loans aren’t limited to starter homes or fixer-uppers. In New Hampshire, VA loans are used to purchase homes at a wide range of price points, including modern builds, multi-family homes (if you live in one unit), and rural properties with acreage.
Myth 5: You Always Pay Higher Fees with a VA Loan
The Truth: While VA loans include a funding fee, many veterans qualify for a reduced fee or exemption (especially those with service-connected disabilities). Plus, the absence of PMI (private mortgage insurance) makes VA loans significantly more affordable than FHA or conventional loans.
VA Loan Myths in the New Hampshire Market
Here in NH, sellers and agents are very familiar with VA loans. In competitive areas like Manchester, Nashua, and Portsmouth, VA buyers are closing successfully every day. Don’t let misconceptions hold you back — your benefit is designed to help you, not hinder you.
How Damon Home Team Helps Veterans Cut Through the Noise
We provide:
Clear education about what VA loans can and can’t do.
Local expertise so you understand how VA loans work in New Hampshire’s market.
Strong negotiation to make your VA-backed offer stand out.
We’ve helped countless veterans and military families debunk myths and confidently buy their homes.
Ready to Put VA Loan Myths to Rest?
Don’t let misinformation stop you from using one of your most valuable benefits. Damon Home Team is here to guide you through the process and make your homeownership dream a reality.
Your service has earned you this benefit. Now it’s time to use it wisely.
