VA Loan Funding Fee exemption

Discussion in 'Home Defense/Guns' started by mama2littleman, May 25, 2005.

  1. mama2littleman

    mama2littleman El Paso

    Messages:
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    Nov 8, 2004
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    Alaska
    Good Morning all!

    I thought I would share an interesting bit of information I learned last week.

    While I'm sure that most of you already know this, I didn't.

    Did you know that VA waives the funding fee on a VA home loan for vets with 10% or more service connected disability?

    That is a savings of anywhere from 2.15% tp 3.00% on the cost of your home loan.

    SO, all you disabled vets, make sure you take advantage of this benefit when applying for a VA home Loan.

    When DH and I looked at mortgages, with the funding fee waiver, the VA mortgage actually ended up as less expensive then the conventional one.

    Nikki