In today’s St. Louis market, VA buyers are still competing, winning, and closing — yet misconceptions about VA financing continue to circulate.
As a real estate broker and Air Force veteran serving the St. Louis metro area, I’ve seen firsthand how inaccurate assumptions can unnecessarily complicate transactions. Understanding how VA loans work helps both buyers and sellers make confident decisions.
Let’s clear up the most common myths.
Myth #1: VA Loans Take Longer to Close
Fact: VA loans close on timelines similar to conventional and FHA financing. In our St. Louis market, a well-prepared VA file typically closes in 30 to 45 days. Delays usually stem from appraisal scheduling, incomplete documentation, or title issues — not the VA loan itself. With a responsive lender who understands VA guidelines, timelines are very manageable.
Myth #2: Sellers Are Required to Pay the Buyer’s Closing Costs
Fact: Sellers are not automatically responsible for a VA buyer’s closing costs. Like any transaction, closing costs are negotiable. While the VA limits certain fees veterans are allowed to pay, that does not mean sellers must cover everything. In competitive situations, VA buyers can structure clean, strong offers just like conventional buyers.
Myth #3: VA Appraisals Are Too Strict
Fact: VA appraisals follow the same core valuation principles as other appraisals. The difference is that VA loans require the property to meet Minimum Property Requirements. The home must be safe, sound, and sanitary. In most well-maintained St. Louis homes, this is not an issue.
When repairs are required, they are typically health or safety related, such as exposed wiring or significant roof concerns. This standard often benefits both parties by addressing legitimate issues before closing.
Myth #4: VA Buyers Have No Financial Strength
Fact: Many VA buyers bring strong financial profiles to the table. VA loans allow zero down, but many veterans choose to put money down to strengthen their offer. They also provide earnest money, cover appraisal gaps when appropriate, and structure competitive terms. The VA guaranty protects the lender — it does not eliminate underwriting standards.
Myth #5: VA Offers Are Weaker in Competitive Markets
Fact: The strength of an offer depends on structure, not loan type. Purchase price, earnest money, contingencies, lender communication, and overall presentation matter far more than whether financing is VA or conventional. I’ve seen VA buyers win in multiple-offer situations when their offer was properly structured and clearly communicated.
The St. Louis region has a strong veteran community. When sellers dismiss VA financing based on outdated information, they may unintentionally reduce their buyer pool. From St. Louis County to Franklin and Jefferson Counties, educated sellers recognize that a VA buyer with a strong agent and lender can be just as solid as any other purchaser.
VA financing is not a shortcut. It is an EARNED benefit backed by strict underwriting standards and designed to promote sustainable homeownership. We veterans served our country, and we deserve accurate information and a fair opportunity to compete in the housing market.
If you have questions about accepting or writing a VA offer in the St. Louis area, I’m always happy to walk through the details and strategy. Remember, you can always Bet on Lirette
Cathy Lirette
MORE, REALTORS®
STLCathy.com
Cathy.Lirette@STLRE.com
314.730.1302
About the Author:
Cathy is knowledgeable in real estate and can answer her client's questions. She can also help them find a great house to purchase and/or help sell their current home for the best price possible.
