Tips & Special Topics
VA Loan Costs and Rates
What Are The Costs Of Securing A VA Loan?: An article summarizing the costs veterans should consider with VA Home Loans.
For those who know that they want to purchase a home, and are considering a VA Loan, it is helpful to consider the costs that are involved. In any home purchase, there are cost requirements to take into consideration. You'll want to have a solid understanding of what ... Read More
The Cost Associated with Obtaining a VA Loan: The VA loan programs have program specific costs. This article details the costs of a VA home loan including the VA funding fee.
The VA loan programs have assisted many of the brave men and women who have served in the United States Armed Forces in purchasing or refinancing a home. VA home loans have program-specific costs. The unique fee associated with VA loans is the VA funding fee. Qualifying veterans must ... Read More
VA Rates- How Fed Rate Changes Impact VA Loan Rates: An article highlighting the effect federal rate changes have on VA home loan interest rates for qualified veterans seeking to obtain a VA home loan or VA refinance loan.
The Veteran’s Administration is dedicated to helping former and active military, reservists, and National Guard personnel who qualify to obtain home loans. The VA home loan guaranty program does not lend money; rather, it guarantees a mortgage up to a maximum amount and provides confidence to a lender ... Read More
VA Loans- How low can interest rates go?: As mortgage rates continue to drop, many veterans are asking how low can they go? Is now the time to act on VA Loan or VA streamline refinance?
Bond prices soar, yields plummet, interest rates drop; these are classic recession symptoms. The 2009 New Year has mortgage rates at an historic low – the lowest they’ve been since 1971. VA loan borrowers want to know -- how low can they go? And what does this mean ... Read More
The Interest Rate Advantage with VA Loans: When it comes to interest rates, VA loans have a unique advantage over most other types of loans. Qualifed veterans can save thousands.
When it comes to interest rates, VA loans have a unique advantage over most other types of loans. A VA borrower typically won’t receive a rate hike due to his or her credit score like a conventional borrower might. For instance, if a conventional borrower has a ... Read More
VA Loans and Forbidden Fees: It is important for veterans to know that some fees are forbidden and cannot be charged to a veteran using the VA Home Loan Guaranty Program.
When using VA home loan benefits it is important to understand that some fees, like an appraisal fee or VA funding fee, are inevitable. However, it is equally important for VA borrowers to know that some fees are forbidden and cannot be charged to a veteran using the ... Read More
What Fees to Expect with VA Loans: Many VA-eligible borrowers wonder what fees will be charged with a VA home loan and how much cash is needed at closing.
Many VA-eligible borrowers wonder what fees will be charged with a VA home loan and how much cash is needed at closing.
VA borrowers can expect to be charged for the following at closing:
• VA funding fee
• Credit report fee
• Appraisal fee
• Compliance inspection fee*
• Lender’s origination fee*
• Reasonable discount points (if ... Read More
The VA Funding Fee: What and how much is it?: The VA funding fee, unless waived, is required by law on all VA loans and can run between .5 and 3.3%.
Many VA borrowers inquire about the VA funding fee. The VA funding fee, unless waived, is required by law on all VA loans and can run between .5 and 3.3% depending on the circumstances (see table). The VA funding fee can be rolled into the loan ... Read More
