Are there any military or ex-military here who have a VA Loan?

My husband is thinking of re-enlisting and we want to buy a house. I've looked up VA loans online but it is all rather confusing. Is there anyone who can explain to me how it works? What are the steps to get one? What are the eligibility requirements (besides having to have been in the military)? How easy is it to get one? I would REALLY appreciate clarification. Thank you.

I know you said you looked up VA loans online - here is the basic's:

VA Loan Information: Visit the home page of the VA. http://www.va.gov/

The VA has increased their loan limits! The maximum loan amount in most cases is $417,000. The VA also offers some advantages over conventional loans:
Other benefits of a VA Loan:
1. No Down Payment required at closing
2. Lower closing costs than conventional loans
3. No prepayment penalty if you pay off your VA loan early
4. No monthly Private Mortgage Insurance payment
5. The lender is willing to negotiate your interest rate

GOING TO THIS SITE, IS A MUST: http://www.homeloans.va.gov/veteran.htm...

ON THE HOME LOAN: THERE ARE Pamphlets on the VA Home Loan Program

http://www.homeloans.va.gov/pamphlet.htm...
IT HAS THE FOLLOWING HELPFUL INFORMATION FOR YOU, ALL ABOUT THE VA LOAN - Home Loan Guaranty Services

GOOD LUCK TO YOU
wanda.ellis@meridiascapital.co... Source(s): Wanda Ellis, Meridias Capital
Direct Lender and Broker for 7 years and love helping my clients. Underwrite in the US (FHA/VA/Residential/Commercial Investment/Conforming/Sub-prim...