Can veterans buy a home with no money down?

Yes—many eligible veterans can buy a home with no down payment using a VA loan. But "no money down" doesn't always mean "no cash needed." In Woodbridge and Fairfax, buyers still need a plan for inspections, earnest money, and closing costs (unless negotiated or offset with lender credits).

Quick answers (3–6 bullets)

• Often yes: VA loans can allow 0% down for eligible buyers

• You still may need cash for inspections + deposits

• Closing costs can be paid by buyer, negotiated with seller, or offset via lender credits

• Strong pre-approval matters in Fairfax/Woodbridge competition

• A "clean offer" can beat a higher offer if terms are stronger

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Expanded Explanation

A VA loan can be one of the best tools for buyers who want to keep savings intact—especially with moving costs, PCS timing, or childcare expenses.

Here's how $0 down usually works in practice:

1) Eligibility + entitlement

Eligibility drives whether 0% down is possible. Most standard scenarios qualify, but if you've used a VA loan before or have partial entitlement, you'll want the lender to confirm what's available.

2) The appraisal and the value gap risk

If the home appraises below the contract price, the difference (the "gap") has to be addressed—price reduction, renegotiation, or buyer funds. In competitive Fairfax areas, this matters. A smart strategy is to avoid overpaying just to "win," unless you have a clear backup plan.

3) Budget for the real costs

Even with 0% down, buyers should plan for:

• Home inspection (and optional specialty inspections)

• Earnest money deposit (varies by contract)

• Appraisal-related timing (not always a cost you pay upfront, but impacts timeline)

• Closing costs unless covered by negotiation or credits

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"It was a pleasure working with Johnny on a recent transaction. He is very knowledgeable and cares deeply about his clients. He works hard to protect their interests." —H.M.

Misconceptions / Insights / Key Points

• "$0 down means I can buy with $0 total." Not always—closing and inspections still exist.

• "VA offers are weak." Not if the buyer is fully documented and the terms are clean.

• "I should waive inspection to compete." Usually a bad risk trade-off—especially on older homes.

Important Considerations

• Have a cash plan even if it's modest: inspection + reserves.

• Make sure your lender is quick with COE, underwriting, and appraisal ordering.

• Don't ignore the seller's priorities: rent-back, settlement date, or minimal repair requests.

FAQ

Can I get my earnest money back? Depends on contract contingencies and deadlines—timing matters.

Do I need cash reserves? Not always required, but financially smart—especially in competitive markets.

Can I negotiate closing costs on a VA loan? Often yes, but it must be structured within VA rules.

Want a realistic plan to buy in Woodbridge or Fairfax with a VA loan and minimal out-of-pocket surprises? Call 703-400-9660 or visit contactjohnny.com.