You can probably get a better deal via a conventional loan in most cases for a new home. If you get a loan via a builder like I did in 1999 they give me a $5,000 break on the lot purchase and a $5,000 allowance for add-ons, plus their interest rate was competitive than the VA. They threw in some other extras as well. Can't tell you the pros and cons with a used home. I have only bought new homes. Also from a financial point of view you should never buy a home your going to live in with zero down payment with 100% of the loan = purchase price, it's a great way to end up underwater, mortgage worth more than the home.
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