I personally am not skeptical of a VA loan. As an agent, we do need to qualify the buyers for our sellers. A buyer with 50% down is a much better deal than a buyer with 10% or 5% down. There is much less risk that the deal won't happen and we can help our sellers feel more comfortable with the quality of the deal. We are also very aware that government backed loans like FHA or VA just take a lot more time to process, and close. That is not the intention of them, but it is a reality. I am not a mortgage expert to provide the details, but it is something that I have seen. We have an obligation to be open and honest with our sellers so they know this. Part of the issue for owners is that they have invested a lot of time in trying to sell their property, and when they have a deal, they don't want to wait to finally close. Many times they really do need to move quickly, so deals that take longer than standard timing for them are no go's. Now, if I were a buyer, and were qualified, and had a substantial amount to put down, AND could get a VA loan, better for me. The agent below is correct in that there are a lot of protections, and they make for very nice loan packages for buyers. I wish you luck in finding a place, just make sure that you have a mortgage broker who has done a lot of VA loans and can make the process very smooth for you and your seller.
Bond New York