Veterans have access to an incredible home loan benefit – 100% financing with flexible underwriting guidelines and low closing costs. Veterans pay a special fee called the funding fee. It’s a part of the closing costs and is a cost that is rolled into the loan. Keep reading to learn more about the funding fee, […]
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Can I Add the Funding Fee to my Loan?
Since 1944, the VA Home Loan Program has financed home purchases for over 18 million veterans. Because the Department of Veterans Affairs minimizes lender-risk by insuring the loans, financing is more readily available. Eight out of ten veterans are unable to qualify for conventional loans; because the program largely mitigates investors from the burden of […]
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The VA Funding Fee is a required cost of a VA Home Loan. The VA funding fee has been set by congress and can only be waived 1) if the borrower receives an acceptable disability rating and/or 2) if the borrower receives a regular disability check (as a result of a service related injury) from […]
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