Have you ever used the VA Home Loan Guarantee Program? If not, why?

I have-In my case, it was a very providential means of obtaining a very low interest mortgage loan with no down-payment. However, I would caution veterans to consider strongly their financial circumstances, and ask if the privilege of avoiding a DP equates to the ability to carry the principle. Again, in my case, it came down a solution which was less expensive than rent by the month, and more sound in terms of equity over time.

I have.

However, I would like to point out there are reasons NOT to use. The "Loan Funding Fee" (2% on first use, and 3% on second use if I remember correctly) as well as the maximum loan amount can come into play.

If you are buying your first home, you may want to hold the "guaranteed loan" in reserve due to a variety of issues (like you may not be retiring at that location).