Key Advantages

• No Down Payment: Most borrowers can purchase with $0 down
• No PMI: Unlike conventional loans, VA loans don’t require private mortgage insurance
• Competitive Rates: VA loans typically offer lower interest rates
• Easier Qualification: More flexible credit requirements
• Limited Closing Costs: Sellers can pay up to 4% of closing costs

About VA Funding Fee

The VA funding fee is a one-time payment that helps lower the cost of the loan for taxpayers. The fee varies based on:

• Type of service member (regular military, reservist)
• Down payment amount
• First or subsequent use of VA loan benefit
• Whether you’re buying or refinancing

Disabled veterans may be exempt from the funding fee.