VA loans and USDA loans are both government-backed mortgages that allow borrowers to get a home with no down payment. But they're aimed at different borrowers and have some very different eligibility requirements VA loans vs. USDA loans What is a VA loan? What is a USDA loan? VA and USD...
When a VA loan is assumed, the funding fee is typically 0.5% of the loan balance. This fee is required regardless of whether the new borrower is a veteran or civilian. Like other loans, the fee can be paid in cash at the time of assumption or rolled into the loan amount, subject to...