iFreedom Direct is pleased to report that funding fees on certain types of VA home loans have been reduced due to changes in federal legislation. First time VA loan users will now pay 1.4% for purchase and refinance loans.
By Chris Birk Real Estate and Mortgage groups are pressing Senate to take action on Bill that would extend the maximum mortgage loans limits through 2013. The current loan limit is set to expire September 30th. The bipartisan bill introduced in early August would allow the Federal Housing Administration, the Department of Veterans Affairs and [...]
The VA Home Loan program aims to alleviate financial pressure on military homebuyers. With no down payments, low interest rates and no private mortgage insurance, a VA loan represents one of the most flexible and low-cost lending options available.
Well, if you are a U.S. Veteran that is at least 10% disabled, your funding fee is waived. Yeah, ZERO! ZILCH! NADA! Now if you are NOT at least 10% disabled, then here’s your fees; 2.15% of the loan amount for 1st Time VA Loan Borrowers 3.35% of the loan amount for Borrowers who’ve used [...]
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