military: GOOD NEWS FOR VETERANS. VA LOAN COSTS ARE DROPPING SOON!
- 09/12/11 06:58 PM
GOOD NEWS FOR VETERANS. VA LOAN COSTS ARE DROPPING SOON! The Veterans Administration has just announced that the VA Funding Fee required for VA Home Loans, will soon be reduced for most VA home purchase loans. Effective October 1, 2011, the one-time cost will be reduced by approximately 35%. This amounts to an up-front savings of $2,250 on a purchase price of $300,000. The VA Funding Fee is paid directly to the Department of Veteran's Affairs for the VA Guarantee, which eliminates the need for monthly PMI or Mortgage Insurance. The funding fee does not need to be paid separately and … (32 comments)
GOOD NEWS FOR VETERANS. VA LOAN COSTS ARE DROPPING SOON!
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