IRebate & Loan ProgramsAll REBATE Application UpdatesJan 1 Form

Instructions and help about IRebate & Loan ProgramsAll REBATE Application UpdatesJan 1

most lenders will have a minimum credit score of a 580 to qualify for a VA loan it's a hundred percent financing no PMI PMI is private mortgage insurance so typically when you put down less than 20 percent down on a property you have to pay the PMI which is Insurance um that's insuring the bank not you the borrower in case you default on the mortgage that that loan is insured and the bank can basically get their money back from the insurance company right so VA loans have no PMI it does have a a funding fee when you do a VA loan which can be on average around two percent just depending on your status um if you are 100 disability then um disabled um veteran then you don't pay a funding fee but typically most um VA loans that we're doing come with around a two percent um funded funding fee which gets financed into the loan now with the VA loan you can purchase a