Real Estate News

Beginning Oct 1, 2011, the current (2.15%) upfront Funding Fee for VA purchases will fall significantly - to 1.40% Making the amount financed on a VA purchase much lower!!

These changes will also effect Second/Subsequent use VA Funding Fees as well as Refinances.. so its a good deal all around for Veteran

What this means is that for a veteran using their VA benefit for the first time, is that on a Purchase Price of $200,000 for a home, your "Old" Funding Fee would have been $4,300.  Now -- on that same $200,000 home, your "New" Funding Fee will be $2,800, which is a $1,500 Savings.

Here is a link to the documentation from the VA:  Click Here

If you know of any veterans who may be in the market to buy, have them call, email, or text me.