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Looking into using my VA home loan for my first home purchase. After reading their website it sounds like the guaranty part means no PMI insurance. Is this true? Any other thoughts or opinions on using this type of loan vs. another?

2 Thoughts on VA Home Loan – details say no PMI – is that right?
  1. Reply
    frak1a12345
    February 13, 2014 at 8:23 am

    Ask the VA. Ask a realtor about comparisons to other types of loans. In other words, ask the people that know and not the people on this board that really don’t know anything.

  2. Reply
    Pengy
    February 13, 2014 at 8:35 am

    Having recently purchased a home with a VA loan that is correct. You do pay a fee for the mortgage but that gets wrapped up into your mortgage. You can get 100% financing and yes there will be no PMI. Good luck, and thanks for your service

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