Veterans may also get financial benefits in the form of assistance, which will help them become exempt from paying income taxes, property taxes, license taxes and/or registration fees. A Special Monthly Compensation (SMC) is one of the financial veterans assistance programs for both veterans and ...
However, the VA does collect an upfront funding fee (unless you’re exempt), which insures your loan against default and protects the originating lender. So in a sense you’re still paying insurance for the loan. It can be paid at closing or rolled into the loan amount, with the latter...