Today we have seen a halt in the funding of VA loans until the VA Funding Bill is signed by Congress and
President Obama. At this time the reduced VA Funding Fee has not been approved and it apprars that the reduced fee may not pass. Without having the proper fees in place mortgage lenders are unable to properly disclose or collect the funding fee.
I want to make sure that all VA borrowers are aware of this and have our appoligies on the delay. We are prepared to redislcose and close all our VA loans as soon as the bill passes.
Stay in contact with your Loan Originator for complete updates.
***This is only relevant to loans where the Veteran has to pay the funding fee not where they are exempt***