Almost every veteran is eligible for Veterans Affairs benefits, such as a VA Home Loan. If you’re an honorably discharged veteran, are currently serving on active duty or have completed a total of six years or more years in the National Guard or other selected services you are likely eligible for a VA Home Loan. These loans are an excellent choice for a veteran that is planning to purchase a new home or even refinance an existing owner occupied home loan. As one of the last 100% financing options still available, VA loans are a great way to secure an attractive fixed interest rate with little or no money down. Even if you have a marginal credit history this government sponsored loan may be an option so long as you can document enough income to make the required monthly payments.