Should I put a down payment on a VA loan?

One of the great benefits of the VA loan is no down payment is required, but in some cases, when you have to pay a funding fee, it can be a great investment to put money in to your own equity. A few highlights:
- You do not pay a funding fee at all if you have a disability rating with the VA so this video not for you!
- The funding fee is not out of pocket, but is added to the loan
- I'm using a 500K purchase example for these numbers and 6% interest rate, which could change the figures over time as rates change (pretty high right now but don't expect that to last long)
- In this example, for first time use, the immediate ROI was 13% and annual ROI was 8%
- For subsequent use, the immediate ROI was 39%!!! annual ROI was 10%

If you would like to run numbers on anything just let me know that's what I'm here for! Hope it helps :)

Derrick Evens, Home Loan Specialist, NMLS 155010
Derrick@DerrickEvens.com
619.952.2046

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