What is the max vendor consessions for a VA loan? Do any VA loans own MI?



Answers:
Seller can income up to 6% concessions. VA does not enjoy MI per se' but they do charge a Funding levy anywhere from 0 (for Vets near 10% disability or more) to 3+% for veterans purchasing a second house using their benefits. There is no monthly MI VA allowance. The Funding Fee is added into the loan amount.
The merchant can remuneration everything ona VA loan up to and including the VA Funding allowance.
6% and No. However, VA charges a funding levy that will be added to your loan amount and financed over the enthusiasm of the loan. It is 2.15% for first time users & up to 3.3% for second use. Disabled Veterans are exempt from this tax.

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