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If you are a veteran and you are in the market to purchase a home a VA Loan is the best option, especially if your credit score is below 680.  If your score is below that, your rate will be much higher if you are getting a Fannie Mae loan -- because you automatically pay fees for having a lower score. Couple that with PMI (which is based on loan amount, Level of approval, and credit score) and you have a much higher payment than you would with a VA Loan.  You do, however, pay a VA funding fee, which is added to your loan.  Please give me a call and I will be happy to discuss the details and show you a numbers comparison.

Steve