[MistyCA]

I agree about the Home loan. The only person I have ever known to use one was my brother on his third home. He found the experience to be complicated and not worth it, and sometimes the rates are not any better then commercial rates, or not enough to matter.

[SAMWolf]

I tried to use it on the first house we bought, but it was just such a hassle that we finally just when with a conventional loan.

[Jen]

Hubby and I used the VA home loan for our first house because back then there was a limit on what banks could charge for a VA loan and it was lower than conventional. We didn't have much money saved for a down payment or closing costs and with a VA loan we could finance up to 100% of the purchase price and roll the closing costs into the loan. When we bought our current house, the law had changed and the VA rate was slightly higher than conventional, so a conventional loan worked out better for us.