Finance
A Virginia buyer who obtains a VA loan is required to pay:
AAt least 10% down payment
BPrivate mortgage insurance (PMI)
CA VA funding fee (unless exempt)✓ Correct
DPoints to buy down the interest rate
Explanation
VA loans do not require a down payment or PMI, but most borrowers pay a VA funding fee (a percentage of the loan amount) to help fund the VA loan program. Certain veterans (those with service-connected disabilities) are exempt.
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