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How much are VA funding fees?

2021 VA Funding Fees For Purchase And Construction Loans For cash-outs or regular mortgage refinancing, first-time borrowers will pay a 2.3% funding fee, while subsequent borrowers pay 3.6%. Do surviving spouses pay VA funding fee?

Is FHA or VA loan better?

Are VA loan appraisals tougher? The Department of Veterans Affairs is endorsing the house, so they want to make sure the house is in good condition before approving any type of mortgage loan. This makes most VA assessments more

Who pays closing costs on VA loan?

Can a veteran pay for repairs on a VA loan? VA can guarantee an alteration and/or repair loan that allows the improvements to be valued and completed after loan closing. Loan proceeds are paid to the builder and/or contractor during

Why do sellers hate VA loans?

What are the pros and cons of a VA loan? AdvantagesConsNo down payment requiredMust be eligible based on military serviceNo loan limitsMore stringent assessment requirementsNo income restrictionsStay longer between refinances than