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Tag Archives: VA loan funding fee rules

VA Loan Funding Fee Exemptions: A Reader Question

VA Loan Funding Fee Exemptions: A Reader Question

A reader asks, “I have purchased numerous homes using the VA Loan process – always paid the va funding fee. Today I signed Refi papers and was informed by a veteran that since I have a service connected disability I...

Verifying VA Loan Funding Fee Exemptions

Verifying VA Loan Funding Fee Exemptions

When a borrower is exempt from paying the VA loan funding fee, or anticipates becoming exempt because of pending compensation for VA recognized disabilities, there's a specific procedure used by the lender to verify that exemption.

In September of 2011, those...

VA Loan Funding Fees and Exemptions After October 1, 2011

VA Loan Funding Fees and Exemptions After October 1, 2011

Recently we reported on the VA announcement that VA loan funding fees would decrease on October 1, 2011. According to VA Circular 26-11-12, "For loans closed on or after October 1, 2011, the fee for subsequent use loans with less than...