The VA home loan program was developed in 1944 as part of the original Serviceman’s Readjustment Act. Since then, it’s gone on to help thousands of veterans realize their dreams of homeownership.

That said, there are many myths and misunderstandings regarding VA home loans. Keep reading to learn more about three important factors, in particular.

An appraisal isn’t a home inspection. The VA home loan program has a team of fee appraisers who can help you determine the reasonable market value for a property. Although an appraisal involves looking at various aspects of a property, it isn’t the same thing as a home inspection. For that, you’ll need to hire a licensed home inspector. An appraisal doesn’t look for structural damage, plumbing issues, or other more serious problems.

The VA can’t offer legal advice. The professionals who work at the VA loan office aren’t legal professionals and therefore aren’t capable of providing you with legal advice. If you have questions about the mortgage you’re preparing to sign, consult with a real estate lawyer or someone who specializes in property law. Taking this extra step can save you significant money and frustration.

Each state is different. VA home loan benefits vary from state to state, so it’s a good idea to contact your local VA office. They will work with you to find a property in your area that’s within your budget and might also be able to save you money elsewhere. You never know unless you ask!