When you’re buying a home in California, every dollar counts—especially with rising housing costs. That’s why veterans using VA loans have a huge advantage: you’ll never have to pay private mortgage insurance (PMI).
What is PMI?
PMI is a monthly fee lenders charge to protect themselves when a borrower doesn’t put 20% down. On a $600,000 home in California, PMI could easily add $300–$600 per month to your payment.
Why VA Loans Don’t Require It
The VA guarantees a portion of your loan for the lender, so there’s no need for PMI. That’s why VA loans are one of the most affordable options for veterans and active-duty service members.
How Much Can You Save?
Let’s compare:
| Loan Type | Down Payment | PMI Monthly Cost |
| FHA Loan | 3.5% | $400 |
| Conventional Loan | 5% | $350 |
| VA Loan | 0% | $0 |
Over five years, that’s $21,000 saved—money you can use for home improvements, investments, or savings.
Unlock More Buying Power
Without PMI eating into your monthly budget, you may qualify for a larger home or more desirable area.
Ready to Learn More?
If you’re a veteran or active service member in California, VA Fast Loans can help you maximize your benefits and avoid unnecessary costs. Explore your options today at VAFastLoans.com.