ADVANTAGES OF A VA LOAN VA loans offer good deals 3 Options to Refinance Into a VA Home Loan Veterans Affairs mortgages. VA loans, have become lifesavers for homeowners struggling to refinance with conventional loans. Low mortgage rates and tighter underwriting standards have led to a huge demand for VA loans from refinancers, says Michael Frueh, loan guaranty director for the Department of Veterans Affairs. The biggest advantage of refinancing with a VA home loan is that homeowners can refinance up to 100 percent of the home's value, and they don't have to pay for mortgage.   VA loans a great perk for G.I. Joes Homebuyers with little money for a down payment are finding more home loans available for a low down payment or even no down payment. These are becoming more commonplace even as the country recovers from a housing bust made worse by the popularity of low down-payment mortgages during the housing boom. The Federal Housing Administration insures loans with small down payments. And private mortgage insurers have lowered their down payment requirements. It's even possible to get a mortgage today with no money down.                                VA loans offer good deals Shoved aside by the hot mortgage products of recent years, Veterans Affairs mortgage loans are making a comeback and are a viable financing alternative for veterans looking to secure an attractive fixed-rate loan with little or no money down VA loans a great perk for G.I. Joes Dear Real Estate Adviser, I'll be retiring from the military after 20-plus years and transitioning into the civilian work force. I've been told I should buy a home now before I get out because my risk profile will be re-evaluated after a year, as if I was just getting out of college. Given that and the current housing market,