What’s mortgage insurance on a VA loan?

trick question for you ready? what’s mortgage insurance on a VA loan?
well the trick answer is there is none on a monthly basis but the VA does
inherit some risk on a loan with no down payment and they do take care of that
risk by charging of the funding fee on a refinance or a purchase and for
people that are exempt or getting disability benefit from VA you may be exempt from a funding
fee but if not first time usage 2.15 percent is a general indicator depends on your level service etc there is a chart on the VA benefits website

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