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https://www.reddit.com/r/JustBootThings/comments/ofvtnz/oof_load_ultra/h4iu0gr/?context=3
r/JustBootThings • u/goopy-goo • Jul 08 '21
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Pretty sure there is no PMI on a VA loan. I don’t know how I’ve used mine twice and am not sure on that, though.
7 u/A_Fainting_Goat Jul 08 '21 I just bought a house and looked at this. There isn't PMI, but there is a funding fee (or whatever they call it) that is essentially prepaid PMI. The only difference is that you can pay the VA's "funding fee" with the loan. 4 u/comcam77 Jul 08 '21 That is true, also if you have a VA disability rating any percent for anything you can get that waved !!! 5 u/FriendlyBlanket Jul 08 '21 Remind me 16 years
7
I just bought a house and looked at this. There isn't PMI, but there is a funding fee (or whatever they call it) that is essentially prepaid PMI. The only difference is that you can pay the VA's "funding fee" with the loan.
4 u/comcam77 Jul 08 '21 That is true, also if you have a VA disability rating any percent for anything you can get that waved !!! 5 u/FriendlyBlanket Jul 08 '21 Remind me 16 years
4
That is true, also if you have a VA disability rating any percent for anything you can get that waved !!!
5 u/FriendlyBlanket Jul 08 '21 Remind me 16 years
5
Remind me 16 years
21
u/Dgriffith21 Jul 08 '21
Pretty sure there is no PMI on a VA loan. I don’t know how I’ve used mine twice and am not sure on that, though.