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September, 16 2011 - by chad
Great news! We’ve had the same VA funding fees for many years, but that will change November 17th, 2011. (Was originally October 1, 2011, but there was a delay). The VA has decided to lower the funding fee charged on VA loans. Here is a downloadable PDF ”Old vs. New” Summary of the changes from the highest rate to the lowest:
VA Purchase, Subsequent Use………….Going from 3.30% down to 2.80% VA Purchase, First Time Use……………Going from 2.15% down to 1.40%* VA Purchase w/ 5% Down Pymt……….Going from 1.50% down ...
