do i have to pay PMI if I have to refinance my loan using VA?
Joel Lobb (kentuckyloan)
#3 ranked lender in Kentucky - 192 contributions
No you are fine. No monthly or annual PMI for VA loans. Just a upfront funding fee.
Joe Metzler (JoeMetzler)
#17 ranked lender in Minnesota - 4,848 contributions
Probably the biggest benefit of a VA loan is the fact that there is NO MORTGAGE INSURANCE! In MN or Wi, visit www.va-irrrl-loan-mn.com
Allen Wang (Allenwang)
#57 ranked lender in Maryland - 11 contributions
No PMI with VA loan; there is a VA funding fee, but can be financed into the loan.
Linda Miller (Linda Miller)
#2 ranked lender in Utah - 572 contributions
The benefit you have earned as a veteran is a VA loan. There is no monthly mortgage insurance with a VA loan. There is an upfront funding fee which can be financed into the loan. If you have a disability the funding fee is waived. Check with a local mortgage professional. They can guide you in the right direction. Good luck.
Michelle Curtis Loan Originator NMLS 401173 (MichelleCurtisLO)
#77 ranked lender in Florida - 2,245 contributions
No you do not.
Ron Zach (ronmzach)
#110 ranked lender in Texas - 2 contributions
No you are fine. No monthly or annual PMI for VA loans.
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