Yes — and here’s how that saves you thousands, starting day one.

If you’ve heard that VA loans don’t require a down payment or mortgage insurance, you might be wondering…
👉 “Is that really true? What’s the catch?”

We get that a lot — and the answer is: Yes, it’s true.
VA loans are one of the only mortgage programs that let you buy a home with:

• $0 down
• No monthly mortgage insurance (PMI or MIP)
• Lower interest rates, even with less-than-perfect credit

Let’s break down what that really means for your finances — and why it’s such a big deal compared to other loan types.

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✅ $0 Down Payment: Real and Legit

With a VA loan:

• You don’t need to save 5%, 10%, or 20%
• You can finance 100% of the home’s purchase price
• You can use gift funds or seller credits to cover closing costs

How it compares:

Loan Type	Down Payment Requirement
VA Loan	$0
FHA Loan	3.5% minimum
Conventional Loan	3–20%
Jumbo Loan	Often 10–20%+

💡 On a $400,000 home, skipping the down payment could save you $14,000–$80,000 upfront.

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❌ No Monthly Mortgage Insurance (PMI)

Most loans with less than 20% down require PMI or MIP.
That can cost $150–$400 per month depending on your loan size and credit score.

With VA:

• There is no monthly PMI — ever
• Even if you put $0 down
• Even if your credit score is under 640

📘 This is one of the most powerful long-term savings tools for veterans and military families.

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🧠 What About the VA Funding Fee?

VA loans don’t charge PMI, but they do include a one-time funding fee unless you’re exempt.

Here’s what to know:

• It’s a one-time fee (not monthly)
• Can be rolled into your loan (no out-of-pocket cost)
• Waived for veterans with a service-connected disability rating
• Varies by down payment and usage history

Typical Funding Fee:

| First-Time Use | 2.15% of loan amount
| Subsequent Use | 3.3%
| With 10% Down | 1.25%

💡 Even with this fee, VA loans are often cheaper long-term than FHA or Conventional with PMI.

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🧾 Real Savings Example

Let’s say you buy a $400,000 home with:

• VA Loan: $0 down, no PMI
• FHA Loan: 3.5% down, monthly MIP

Over 5 years, you could save:

• $14,000+ upfront (no down payment)
• $9,000–$12,000 in PMI/MIP savings
• $3,000+ in interest due to lower VA rates

✅ That’s $25,000–$35,000 back in your pocket — just by using the benefit you’ve earned.

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🏢 Why PRMI?

We help VA buyers:

• Buy with no down payment and no PMI
• Understand funding fees, exemptions, and savings
• Use seller credits or lender options to cover closing costs
• Get pre-approved quickly with real, accurate numbers

You served — now it’s time your mortgage serves you.

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👇 Want to See How Much You Can Save With $0 Down and No PMI?

Let’s run your VA numbers and show you exactly how this benefit compares — no pressure, just clarity.