For many veterans, the VA loan is more than just a benefit—it's a bridge to homeownership that offers unmatched financial advantages. But like any powerful tool, it must be used wisely. As editors and advocates in the real estate industry, we’ve seen patterns emerge. Here are the five most common—and costly—mistakes veterans make when navigating the VA loan process.

1. Misunderstanding Eligibility

Some veterans assume that if they’ve used their VA loan once, the door is closed. In reality, your benefit isn’t necessarily a one-time opportunity. Depending on your circumstances, you can reuse your VA loan benefit—even multiple times. Not knowing this can cost you the chance to secure favorable loan terms again.

2. Skipping the Home Inspection

Even with a zero-down loan, passing up a thorough home inspection is a risky move. Some buyers mistakenly believe that the VA appraisal protects them from unforeseen issues. But appraisals are not inspections. Forgoing this critical step can lead to unexpected repair bills—and buyer's remorse.

3. Choosing the Wrong Real Estate Agent

Working with an agent who understands the unique intricacies of the VA process can make or break your homebuying experience. VA loans come with specific guidelines that aren’t always second nature to every agent. Seek out professionals with proven experience helping veterans.

4. Misjudging Loan Limits

While the VA doesn’t technically cap loan amounts, there are regional guarantee limits that can impact your down payment requirement. Veterans who misunderstand this may stretch their budgets or run into delays during underwriting.

5. Overlooking the VA Funding Fee

This fee can be financed into the loan, but it’s still important to account for it in your budget. Veterans often miss this detail, leading to confusion at closing. Some may even qualify for exemptions and not know it.

Navigating the VA loan system can be smooth sailing if you're informed. Avoid these five mistakes and you’re already well ahead of the curve.