VA Funding Fee Change For Phoenix Arizona 2011. The VA has lowered their funding fee schedule in Phoenix Arizona for the next few years. VA eligible borrowers will be able to take advantage of the lower fee for first time and subsequent users. VA’s 100% loan in Phoenix AZ just got that much better. Contact Joe Hansen your Arizona VA Home Mortgage Specialist.
Here is a chart of the funding fee breakdown for VA borrowers in Arizona beginning Oct. 1st
Subsequent Use of Entitlement for all:
Loans closed from Oct. 1st, 2011 – Sept. 30th, 2012 = 2.8%
Loans closed from Oct. 1st, 2012 – Sept. 30th, 2013 = 2.15%
Loans closed on and after Sept. 30th, 2013 = 1.25%
The VA funding fee in Phoenix Arizona is charged to borrowers to cover the cost of the 100% VA program. This fee usually is added to/rolled into the mortgage but the veteran does have the option of paying for it outside of closing.
For Veterans in Arizona looking to take advantage of the new VA funding fee changes you can contact Joe Hansen your Arizona VA mortgage specialist. We help with first time VA home buyers; subsequent VA home application and VA Streamline IRRRL refinance participants looking for low rates and great quality service in Arizona. For those looking to have multiple VA mortgages at one time we can also help you out.
VA funding fee changes for Phoenix AZ 2011 will help lower the monthly payments for veterans and be a long term benefit over the next few years.