Finance
A Virginia buyer qualifying for a VA loan is required to pay:
APrivate mortgage insurance premiums
BA VA funding fee (unless exempt)✓ Correct
CFHA mortgage insurance premiums
DA down payment of at least 5%
Explanation
VA loans do not require PMI, but most borrowers pay a VA funding fee (ranging from 1.25% to 3.3% of the loan amount). Veterans with service-connected disabilities are exempt from the funding fee.
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