Can i refinance my current house and get a va loan?
BarneyI am a veteran, used it in the past and got a mortgage again without the VA. now that rates are really low, I really want to take advantage of these rates and I want to use the VA so I can avoid PMI and I understand there is a funding fee with the VA
ArletteWe are closing on our house next week and used my husband's VA loan, the funding fee for first time users with no down payment requires a 2.15% fee, up to 10% down payment requires a 1.5% fee, and 10% or more requires a 1.25% feeFor subsequent users, no down payment requires a 3.3% fee, up to 10% down payment requires a 2.50% fee, and 10% or more requires a 2.25% fee.
Barbyes you can do just thatI am a mortgage banker in TN & KY