{"id":109578,"date":"2025-05-25T10:05:01","date_gmt":"2025-05-25T10:05:01","guid":{"rendered":"https:\/\/namso-gen.co\/blog\/do-you-need-pmi-on-a-va-loan\/"},"modified":"2025-05-25T10:05:01","modified_gmt":"2025-05-25T10:05:01","slug":"do-you-need-pmi-on-a-va-loan","status":"publish","type":"post","link":"https:\/\/namso-gen.co\/blog\/do-you-need-pmi-on-a-va-loan\/","title":{"rendered":"Do you need PMI on a VA loan?"},"content":{"rendered":"

Do you need PMI on a VA loan?<\/p>\n

If you’re a veteran or an active-duty military member considering a VA loan to purchase a home, you may wonder whether private mortgage insurance (PMI) is required. The good news is that VA loans do not typically require PMI. However, there are a few important factors to consider when determining whether you need PMI on a VA loan.<\/p>\n

First and foremost, it is crucial to understand what PMI is and why it is usually required on conventional loans. PMI is a type of insurance that protects the lender in case the borrower defaults on the loan. It is typically required when the borrower makes a down payment of less than 20% of the home’s appraised value. PMI adds an extra cost to the monthly mortgage payment, which can make homeownership more expensive.<\/p>\n

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