Active Military or an honorable discharged Veteran can purchase a home with no money down, that's right absolutely no money down to purchase a home. Also, there are certain closing cost that the Veteran can pay for and the seller if elected can pay up to 4% of your additional close cost. I just closed a VA loan and the Veteran received his $2000 earnest money deposit back in full. He purchase a home at the cost of only the appraisal which was $425 and a home inspection of $300, a total of $725 bough him a home. As you can see lending is still plentiful among Veterans.