va funding fees: VA Funding Fee update October 6, 2011
- 10/12/11 09:30 PM
In many areas of life today, the only constant is change. This is especially true in the mortgage industry. Nothing like moving the goal posts during a game to keep make things exciting. Here is the latest update on VA Funding fees. The White House announced yesterday that the President signed H.R. 2646: Veterans Health Care Facilities Capital Improvement Act of 2011, which reverts the Veterans Affairs Funding Fees back to the higher pre-October 1st percentages. The reduced VA Funding Fee schedule, in Circular 26-11-12, would apply for a very short period of time, theoretically for loans that closed during October 1 through October 4. VA is … (1 comments)
va funding fees: VA Funding fees going down October 1 & why a down payment on a VA loan makes sense
- 09/22/11 12:11 AM
VA funding fees will be going down for purchase transactions closed on or after October 1, 2011. First time users, either Veteran or Reservist/National Guard, will see the funding fee reduced by 0.75% across the board. Second and subsequent users will see the funding fee reduced by 0.50 or 0.75%. Funding fees will stay the same for VA "streamline" interest rate reduction mortgages. The funding fee for service members who have a service related disability remains at zero. This would mean that on a $200,000 VA mortgage, with zero down, the funding fee has been reduced by $1,500! I love to play with … (2 comments)
In many areas of life today, the only constant is change. This is especially true in the mortgage industry. Nothing like moving the goal posts during a game to keep make things exciting. Here is the latest update on VA Funding fees.
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