A lender is going to look at 3 things before approving a loan; assets, debt, income. It's great that you have an opportunity for a VA loan, meaning you don't need to put a down or just put in a small amount. Your monthly will differ depending on the amount you put in as a down. Your credit will determine the interest rate on your loan, give the lender/bank an idea of how you handle your finances, and ultimately determine lending. VA loans are govt backed loans and have strict guidelines in approval before and after the loan is funded. Check with a lender who has experience in VA loans and with the VA. If you have further questions, please give me a call. I'll be happy to help you with your home buying needs.