Not affiliated with the Dept. of Veterans Affairs or any government agency. Veterans United ... What is the difference between closing costs and a down payment?
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Conventional loans generally require down payments that can reach up to 20% to secure a home loan, pushing them out of reach for many homebuyers. No PMI.
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The funding fee rate is only applied to the amount financed in the VA loan, so no fee is applied to a borrower's down payment. Borrowers can decrease their ...
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