The VA provides eligible borrowers with a basic entitlement (usually $36,000) and a bonus (or second-tier) entitlement that kicks in when you’ve already used some of your benefits but want to purchase another home.
Instead of monthly mortgage insurance, this upfront fee helps offset the program’s cost to taxpayers, making it possible for the VA to continue offering no-down-payment loans to future generations of service members.
.png)
-min_edited.jpg)