President Obama signed H.R. Bill 2646 on October 5th which included a provision to lower VA Funding Fees that were announced by VA on Sept 8, 2011. Initial it was expected that the President would sign the bill in September, and that the changes would go into on October 1st for all VA Loans Closing on that date and after. However, since the President did not sign the bill until this week, the new VA Funding Fees will now not become effective until November 18, 2011 for all VA Loans Closing on that date and after.
Veterans may have to wait a little longer than anticipated, but it is well worth the wait. The reductions in the VA Funding Fees, make an already valuable Loan Program to our Veterans even more of a benefit. Below are the Charts for the new VA Funding Fees that will go into effect on November 18th.
New VA Funding Fees
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