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do i have to pay PMI if I have to refinance my loan using VA?

by renoco_790_141 from Virginia Beach, Virginia. Aug 16th 2012 Reply


Joel Lobb (kentuckyloan)
#3 ranked lender in Kentucky - 192 contributions

No you are fine. No monthly or annual PMI for VA loans. Just a upfront funding fee.

Aug 17th 2012
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Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 3,944 contributions

Probably the biggest benefit of a VA loan is the fact that there is NO MORTGAGE INSURANCE! In MN or Wi, visit www.va-irrrl-loan-mn.com

Aug 17th 2012
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Allen Wang (Allenwang)
#57 ranked lender in Maryland - 11 contributions

No PMI with VA loan; there is a VA funding fee, but can be financed into the loan.

Aug 16th 2012
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William J Acres (William_Acres)
#73 ranked lender in Arizona - 8,726 contributions

Ditto...

Aug 16th 2012
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Linda Miller (Linda Miller)
#2 ranked lender in Utah - 567 contributions

The benefit you have earned as a veteran is a VA loan. There is no monthly mortgage insurance with a VA loan. There is an upfront funding fee which can be financed into the loan. If you have a disability the funding fee is waived. Check with a local mortgage professional. They can guide you in the right direction. Good luck.

Aug 17th 2012
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Michelle Curtis Loan Originator NMLS 401173 (EmbassyFundingLLC)
#77 ranked lender in Florida - 2,240 contributions

No you do not.

Aug 17th 2012
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Peter Botros (PeterBotros)
#70 ranked lender in New York - 895 contributions

No PMI on VA loans

Aug 17th 2012
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Ron Zach (ronmzach)
#114 ranked lender in Texas - 2 contributions

No you are fine. No monthly or annual PMI for VA loans.

Aug 17th 2012
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