Most Veterans know about the Department of Veterans' Affairs Home Loan program, and think that it will help them get their first home. It is a great program, but before signing up for it take a look at other mortgage offers. When I bought my first home, I found a better mortgage offer from the Department of Agriculture. Everybody's situation is different, but in my situation, the option I chose worked best. I did not have 20% to put down on my home, and most mortgages, including VA Home Loans require 20% down or you have to pay an extra fee every month until you have paid your mortgage down enough. The Dept of Agriculture loan did not have that requirement, and I got a great rate.
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