Real estate blog entries tagged with veteran administration home loan by Eleanor Thorne 919-649-5057 Cary Mortgage Loans (Steve Thorne NC Mortgage Experts)

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Home : Blogs : Eleanor Thorne 919-649-5057 Cary Mortgage Loans : Eleanor's RTP Blog : Tag "veteran administration home loan"

veteran administration home loan: VA Guarantee Fees and Co-Signors - 06/17/08 01:51 PM

When you have a state that looks like this - you can be sure we see many Veterans purchasing homes!
The Veteran's Administration does not actually "make" mortgage loans - they guarantee those loans, similar to what FHA does. They charge a Funding Fee which is generally considered a form of mortgage insurance, intended to reduce the overall cost of the program to taxpayers. The funding fee fomula is currently 2.15% on no down payment loans for a first-time use. The funding fee for second time users, seeking a 100% loan is … (2 comments)

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