Finance
A Maine veteran purchasing a home using a VA loan is required to pay:
AA down payment of 10%
BA VA funding fee (unless exempt) but no private mortgage insurance✓ Correct
CBoth PMI and a funding fee
DA down payment of 3.5% minimum
Explanation
VA loans do not require a down payment or private mortgage insurance (PMI), but most borrowers pay a one-time VA funding fee. Certain veterans (disabled veterans, Purple Heart recipients) are exempt from the funding fee.
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