As of November
18th, 2011 the VA funding fee will be changing. For first time use, the rate will
decrease to 1.40% from 2.15%. For
second or subsequent use, the rate will decrease to 2.80% from 3.30%. These rates are based on less than 5%
downpayment. The fee decreases if
more money is put down.
Also a
reminder that if you receive at least 10% VA disability, VA will waive the
entire funding fee!
Contact me
today for more information on the funding fee changes!
Danielle Hifko
New American Mortgage
910-581-6398
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