It can hardly get better than today to buy a home for those who qualify to get a VA loan. You can buy with no money down at an interest rate which is below the market rate and you do not have to pay mortgage insurance. This adds up to hundreds and hundreds of dollars of monthly savings compared to everybody else. You can also get up to $8,000 back after you close to do whatever you want: renovate, buy a big screen, get new furniture or just save it for a rainy day. All you have to do is buy a principal residence (make sure you are not planning to sell it for 3 years) and you need to meet all of the qualifications. If you do, you will probably find that this is really a once in a lifetime opportunity.
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