va funding fee: Sumter Real Estate: VA Funding Fees
- 03/23/11 08:02 AM
VA Funding Fees VA Funding Fees are the money’s a borrower pays to use their VA benefits when purchasing a home. The Funding Fees are normally added to the total principal of the loan. When the borrower is putting no money down, the result of adding the Funding Fees is the mortgage is higher than the sale price of the home. Though the funding fee may not seem like a lot at the time of purchase in the recent market of low appreciation if any, this increase to the mortgage can cost borrowers when they try to sell.
VA Funding Fees
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