For most veterans, a VA Loan is the single best option for financing a home purchase. VA loans are very accommodating, government-backed loans that include many appealing features like little to no down payment, no private mortgage insurance (PMI) requirements, and very competitive rates.
With no down payment needed, many veterans find homeownership to be much more affordable. Plus, with regular loans many conventional lenders will require you to pay for private mortgage insurance unless you can afford to put 20% down on a home. For veterans, this is not the case.