While a conventional loan might seem like a great bargain because of an advertised lower rate, keep in mind that you often need a high credit score of 720 or above to qualify for these best rates. VA home loans are backed by the government, meaning banks can assume less risk with the loan and possibly price it lower than a rate you would qualify for from a bank. But even without a lower rate, there are a number of other compelling benefits that make the VA home loan program a better overall alternative. See the top 4 benefits of a VA loan.
VA Loan Program Benefits
Week of August 20, 2012