Of course, the red-hot housing market has also made it harder for homebuyers to find houses, mostly due to a lack of inventory. In the super-competitive conditions, some veterans using VA purchase loans have experienced extra difficulty in buying houses due to some misconceptions about the loans.
"The common misconception is VA loans take forever, and that they're going to fall out and that there's going to be appraisal issues, and that's just not true anymore," said Caitlin Turkovich, a Las Vegas-based branch manager for Union Home Mortgage who works with veteran homebuyers.There are a few things Turkovich recommends to veterans and active duty service members looking to use their VA loan benefit.
She also said that in today's market, homebuyers should be prepared to make multiple offers on houses before getting one, and know that they have no time to hesitate if they see a house they want to buy.
acorns VA home loans are an amazing benefit, and they protect you on the back end if the market tanks.