VA Loan Secrets: Advantages You Can Use in 2025

Get the Most Out of Your VA Loan

For those who have served our country, homeownership represents more than just having a place to live — it’s about building a life, creating a sanctuary, and securing a future for your family. As a veteran, you’ve already given so much, and you deserve to take full advantage of the benefits available to you, not letting any of them slip through the cracks. The VA home loan program is one of the most powerful tools available to veterans and their families, designed to make owning and improving a home achievable, affordable, and stress-free.

While many know about the no-down-payment advantage, there’s a world of lesser-known benefits that shouldn’t go un-explored. From saving on upfront costs to funding renovations that turn a house into a dream home, VA Loans go beyond basic financing.

 

Key Hidden Advantages of VA Loans

While most veterans are familiar with the no-down-payment feature of VA Loans, there are additional perks that can make a big difference in your homeownership journey. These benefits go beyond the basics, offering opportunities to save money, customize your loan, and even make meaningful improvements to your home.

No Mortgage Insurance Necessary
Nothing says “new home party pooper” quite like a private mortgage insurance (PMI) requirement. Luckily, unlike FHA or Conventional Loans, VA Loans don’t require PMI, saving veterans hundreds of dollars each month. Over the life of the loan, this can translate into tens of thousands of dollars in savings.

You Can Use Your VA Loan More Than Once
VA Loans aren’t like coupons — they don’t vanish after you use them one time. Instead, you can use VA Loans over and over again (unlimited!). As long as you’ve paid off your VA Loan and sell that property, you can restore your eligibility and start from scratch with the same attractive loan benefits. You can also restore your VA Loan if you still own the paid-off property, but this is only a one-time option.

Extra Savings by Paying Down Your Loan Early
Unlike many Conventional Loans, VA Loans don’t include prepayment penalties. Veterans can make extra payments or pay off their loan ahead of schedule without fees. This can lead to significant savings on interest over time and provide financial freedom sooner.

Explore Property Tax Savings
Many veterans qualify for property tax exemptions or reductions, offering ongoing savings. Whether you’re a disabled veteran, an active duty service member, or a surviving spouse, there are several property tax exemptions, credits, and deferments that you may qualify for in the state of Michigan. The full list and requirements can be found here.

 

Maximize Your Loan Potential

VA Loans aren’t just for buying a home — they can also be used for refinancing, debt consolidation, and home improvements. With the launch of Treadstone’s new VA Alterations and Repair Loan Program, veterans now have even more ways to make the most of their benefits.

VA Renovation Loan Program Highlights

• Eligibility: Veterans and their spouses can apply. The program is limited to primary residences and subject to VA guidelines.
• Loan Terms: One loan, in which the loan amount includes the price and renovations, all paid back over 30 years.
• Loan Limits: Borrow up to $1,500,000 (subject to VA guidelines), with up to $50,000 available for nonstructural repairs, such as kitchen remodels, roof replacements, and safety upgrades.
• Flexible LTV/CLTV Ratios: Finance up to 100% of your home’s value for most purchase transactions.
• Contingency Reserves: A reserve of up to 15% ensures unexpected repair costs are covered.
• Draw Disbursements: Up to four disbursements ensure that repairs meet code compliance and maintain quality.

 

Secure Your VA Home Loan with Treadstone

Whether you’re buying your first home or looking to update your property, Treadstone is here to help you navigate your VA Loan options. Contact us today to learn more about VA home loan requirements, explore VA mortgage rates, and take the next step in your homeownership journey.

 

FAQs

Are VA Loans assumable?
VA Loans are assumable, meaning a qualified buyer can take over the existing loan terms, including the interest rate and remaining balance. This feature can be especially appealing in a low-interest-rate environment, offering significant savings for the buyer. However, the assumption process requires lender approval and, in some cases, VA eligibility may need to be transferred.

How do you qualify for a VA Loan?
To qualify for a VA Loan, you must meet specific service requirements as a veteran, active-duty service member, or eligible member of the National Guard or Reserves. Additionally, you’ll need a Certificate of Eligibility from the VA, a qualifying credit score, and sufficient income to meet the loan’s requirements. The home you’re purchasing must also be your primary residence and meet the VA’s property standards.

Can a private lender provide a VA Loan?
Yes, private lenders, such as banks, credit unions, and mortgage companies, can provide VA Loans. These loans are backed by the U.S. Department of Veterans Affairs, which guarantees a portion of the loan, reducing the lender’s risk. While the VA sets guidelines for eligibility and benefits, the terms and approval process are managed by the private lender.

Can you have two VA Loans at the same time?
It is possible to have two VA Loans at the same time under certain circumstances. This typically happens when a veteran has remaining entitlement, allowing them to use their VA Loan benefits again without fully paying off their first VA Loan.