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More Homebuyers Choosing Low Down Payment Loans — And VA Borrowers Are Leading the Way

June 30, 2025 | VA Loans & Affordable Lending | Presented by ReadySetLoan


📉 Affordability Challenges Have Buyers Rethinking Their Strategy


In April 2025, nearly 1 in 5 U.S. homebuyers used an FHA or VA loan to purchase their home, marking the highest share in nearly three years, according to new data from Redfin. These government-backed loans — known for requiring little or no money down — are increasingly popular among buyers facing sky-high home prices and elevated mortgage rates.

For Connecticut homebuyers, where affordability continues to be a major hurdle, the appeal of low down payment options is only growing. This is especially true for VA-eligible buyers, who can purchase a home with $0 down, no private mortgage insurance (PMI), and more flexible credit guidelines.


💬 "VA loans are one of the most powerful tools available to eligible homebuyers, and yet so many veterans and service members still don’t realize they qualify," says Neil Caron, Area Sales Manager at CMG Mortgage. "In a market like Connecticut, where every dollar counts, a VA loan can be the difference between homeownership and waiting on the sidelines."

🐽 RSL Piggy Points: Why VA Loans Are Gaining Ground in Connecticut

  • 🐷 Zero Down, Zero Guilt: VA loans allow qualified buyers to purchase without a down payment — a game-changer in high-cost markets like Fairfield County and beyond.

  • 🐷 No PMI Required: While many first-time buyers are stuck with costly private mortgage insurance, VA buyers skip it entirely.

  • 🐷 Flexible Credit Standards: VA loans are more forgiving for buyers with less-than-perfect credit, making homeownership more attainable.

  • 🐷 Strong Buyer Protections: The VA appraisal process includes a minimum property requirement, helping ensure safe, sound housing.


VA Loans Surpassing FHA in Key Markets


Nationally, 7.6% of all mortgaged home purchases in April used a VA loan, the highest share since August 2022. In markets with a strong military presence, the share is even higher. But here in Connecticut, VA usage is also climbing as more veterans discover the financial advantages these loans offer — especially in an environment where traditional buyers are struggling to compete.

💬 "We’ve seen a spike in interest from VA buyers who are being outbid when using conventional financing," says Caron. "With VA loans, not only can you buy with no money down, but your offer can still be competitive — especially when you're working with an expert who knows how to structure it right."

💡 RSL Perspective: Know Your Options, Win the Race


At ReadySetLoan, we believe education is empowerment. We’re here to help Connecticut veterans and active-duty service members make confident, informed decisions about their home financing.

If you're eligible for a VA loan — or not sure if you are — this is the time to explore your options. The market may be tough, but with the right tools (and team), you’re not just house hunting — you’re home winning.


👉 Learn more about how VA loans can work for you at ReadySetLoan.com — your trusted resource and mortgage education partner.



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