Buying a Home With a VA Loan in Arkansas

Christy Robinson
Sep 23
3 min read

If you’re an active-duty service member, veteran, or eligible surviving spouse, one of the most valuable benefits you’ve earned is the VA Home Loan. This powerful program makes buying a home easier and more affordable by removing many of the traditional barriers that buyers face.

But here’s the thing: every VA buyer’s journey looks a little different, and not all lenders or loan terms are the same. That’s why it’s important to understand how the program works, what homes qualify, and which VA lenders might be the best fit for you.

What Can You Buy With a VA Loan?

The VA loan program is flexible, but it’s meant for primary residences only. Eligible property types include:

Single-family homes (new or resale)
Condos and townhomes in VA-approved communities
Certain new construction homes
Manufactured homes with a permanent foundation (depends on the lender)

You can’t use your VA loan for an investment property, vacation home, or land alone—but you can often purchase a home on land as long as it will be your primary residence.

Why VA Loans Are a Game-Changer for Homebuyers

VA loans come with several benefits that make them stand out from other loan programs:

$0 Down Payment – You can buy a home without having to save up for a big down payment.
No Private Mortgage Insurance (PMI) – Unlike conventional or FHA loans, you’ll never have to pay monthly PMI, which saves you money.
Competitive Interest Rates – VA-backed loans often have lower interest rates compared to other loan types.
No Prepayment Penalty – You’re free to pay extra on your mortgage to build equity faster without worrying about fees.

VA Loan Lenders to Know

One of the biggest misconceptions is that you have to use a specific bank for your VA loan. In reality, many lenders are VA-approved, and shopping around is the best way to find the most favorable terms. Some popular VA lenders include:

Veterans United Home Loans – One of the largest VA lenders in the U.S., specializing in helping service members and veterans.
Navy Federal Credit Union – A trusted choice for military families, with competitive rates and member perks.
USAA – A familiar name that offers VA loans, though not always the lowest fees.
Local Banks & Credit Unions in Arkansas – Many community lenders also provide VA financing and may offer personalized service.

💡 Tip: Pay close attention to origination fees and closing costs. Some lenders charge a flat fee, while others charge a percentage of the purchase price. Comparing these details can save you thousands.

The VA Loan Process in Central Arkansas

Get Pre-Approved – Connect with a VA-approved lender to find out what you qualify for.
Work With a Realtor (That’s Me!) – A Realtor who understands VA loans can help you avoid roadblocks, negotiate with sellers, and find VA-eligible homes.
Make an Offer – VA loans follow standard purchase timelines, but we’ll ensure all contingencies are in place.
Inspections & Appraisal – The VA appraisal confirms the home is safe, sound, and livable. I also always recommend a home inspection to catch anything the appraisal may miss.
Close & Move In – Once approved, you’ll close just like any other loan—but often with fewer out-of-pocket costs.

VA Loans and PCS Moves

If you’re relocating to Little Rock Air Force Base (LRAFB) or transferring within Central Arkansas, a VA loan is one of the best tools to make your move seamless. Popular areas for military families include:

Cabot & Jacksonville – Close to base with great family neighborhoods.
North Little Rock & Sherwood – Easy commutes and a variety of housing options.
Bryant & Benton – Known for schools and newer subdivisions.
Conway & Maumelle – Growing areas with both new construction and established homes.

Should You Put Money Down Anyway?

While VA loans don’t require a down payment, some buyers choose to contribute a portion anyway. Why? It can:

Lower your monthly mortgage payment.
Reduce the total interest paid over time.
Strengthen your offer in a competitive market.

This decision depends on your financial goals, but it’s a good conversation to have with your lender.

Final Thoughts

The VA Home Loan is one of the best benefits available to service members and veterans, but not all lenders or homes are created equal. Shopping around, understanding your options, and having an experienced local Realtor on your side makes all the difference.

As a Central Arkansas Realtor and Military Relocation Professional, I’m dedicated to helping military families and veterans maximize their VA loan benefits. Whether you’re moving across the country, across the base, or across town, I’ll help you navigate the process smoothly.

📲 Ready to start your VA home search? Contact me today to explore VA-approved homes in Little Rock, Cabot, Jacksonville, Benton, Bryant, Conway, Maumelle, and beyond.