Monday, November 28, 2011

No Change until 2016


No VA Funding Fee Change

Although VA had mentioned changing the funding fee a few times, they have decided to keep it the same.  As of now, the fee will remain the same until 2016.

-2.15% - Funding fee for first time VA use
-3.30% - Funding fee for second or subsequent uses

Don’t forget – if you receive at least 10% VA disability, they will waive the entire funding fee for you.
In addition, if you put money down (at least 5%), they will reduce the funding fee, regardless if it is your first use or any subsequent use.

Contact me today for more information!

Danielle Hifko
New American Mortgage
910-581-6398

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