If you are using your VA loan then you will not need to "put any money down" however, you will still have closing costs and the deposit which you can get back if your agent structures your offer properly. This deposit into escrow is typically 1% of the purchase price. Your mortgage lender will look at your income vs. debt along with your credit history. Currently for VA you need to have a credit score above 645 to qualify. The closing costs can vary with the time of the year you purchase (affecting how many months of property taxes will be impounded) and also depending on the sales price of the home. The good news is that with using your VA loan the seller has to cover certain items for your closing costs and often times we are able to get the seller to cover most, if not all of your closing costs. You will need pay for a home inspection (est $400) and appraisal ($450 often times the lender may reimburse you at the close of escrow).
Another great benefit to you is if you register at www.HomesForHeroes.com you are eligible to qualify for additional savings and rebates from the Realtor and Lender and also the Friends of Heroes program they offer. This can be additional savings of thousands of dollars, all depending on the sales price of the home.
Please let me know if you have any other questions 760-420-2625 - Jessica Bottrell