Yes, the VA funding fee is fully deductible. The VA funding fee is a payment paid on a home loan obtained through VA loan programs. The fee helps offset some of the costs of loans that would otherwise occur because VA loans allow lower credit score requirements and don't require down payments and monthly mortgage insurance.
The PMI is reported on line 5 of 1098 Mortgage Interest Statement.
See, changes to the deductibility of Mortgage Insurance Premium, link.
