VA Loan Funding Fee Explained 🇺🇸🏡 | The “Hidden” Cost Buyers Miss VA loans do not have PMI, but they do have an upfront funding fee. 💰 You pay that fee up front, and it is added to the total cost. It is kind of like a closing cost. 📝 It really is a closing cost — but it can feel like a surprise one. 😳 You think, “I borrowed $100,000,” and then you look again and realize it is $100,000… plus more. Whether it is $300,000 or $400,000, that funding fee is built right in. 🏡📊 #RealEstateRadio
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Let’s talk about one of the most misunderstood loans in America - the VA loan. 🇺🇸 Here are 5 myths that I hear all the time - and the real truth behind them: ✅ Myth 1: They take forever to close. Truth: VA loans can close as fast as conventional ones (I’ve closed one in 7 days - while on vacation). ✅ Myth 2: You can only use it once. Truth: VA loans are reusable for life - sometimes even across multiple properties. ✅ Myth 3: VA appraisals kill deals. Truth: They’re just there to ensure safety
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