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The VA charges a Funding Fee to most veterans who obtain a VA mortgage loan to help sustain the VA home loan program. The VA Funding Fee is between 1.5% and 3.3% of the loan amount and varies depending on your military classification, whether or not you have obtained a VA loan before, and the amount of down payment you are making. Veterans receiving VA disability are exempt from paying this fee.
In most cases, the VA Funding Fee is financed rather than being paid in cash at closing |
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Bond prices climbed for the fifth straight session Thursday, helped by a government auction of 30-year bonds.
The dollar fell against the euro and gained versus the yen.
That should keep mortgage rates on the way down. Ny tuesday of next week should be prime for locking conforming loans.
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