A common question from California Veterans when applying for a VA loan is “What is the VA Funding Fee?” The VA mortgage program has many benefits, including no down payment and no monthly mortgage insurance. There is one unique cost however, that is known as the VA Funding fee. The funds from this […]
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VA Funding Fee to be Lower After September 30, 2011
California Veterans using their VA Eligibility are about to get a nice surprise, as the Department of Veterans Affairs recently announced they would lower the VA Funding Fee. The drop will help save thousands for VA Loan borrowers in California. The typical charge for “First Time Use” currently is 2.15%. The new percentage for first Time […]