No mortgage insurance is required for a VA loan, but you will pay a one-time VA loan funding fee. Some or all of the mortgage lenders featured on our site are advertising partners of NerdWallet ...

As illustrated in the charts above, making a down payment of at least 5% will reduce your funding fee. A VA home loan does not require a down payment. But for a first-time user of such a loan ...

The official VA chart can be found here. The most important thing about the funding fee is that you have to include it when you calculate which loan is better for you. In many cases, borrowers ...

Most VA loan borrowers pay a VA funding fee. The fee is equal to a percentage of the loan amount, and can be paid upfront at closing or bundled into the loan. The funding fee costs less if it’s ...