VA Changes

By
Mortgage and Lending with Peak Mortgage 211691

The VA is making some changes coming soon. Please see below.

 

 

Loan Fee Structure for VA-Guaranteed Loans

 

Veteran

Reservist/National Guard

First Time Use

 

 

 

2.15%

 

1.50%

 

1.25%

 

 

 

2.40%

 

1.75%

 

1.50%

Downpayment

     Less than 5 percent1

            *November 22, 2011 through September 30, 2016

     At least 5 percent but less than 10 percent

            *November 22, 2011 through September 30, 2016

     10 percent or more

            *November 22, 2011 through September 30, 2016

 

Second and Subsequent Use

 

 

 

3.30%

 

1.50%

 

1.25%

 

 

 

3.30%

 

1.75%

 

1.50%

Downpayment

     Less than 5 percent1

            *November 22, 2011 through September 30, 2016

     At least 5 percent but less than 10 percent

            *November 22, 2011 through September 30, 2016

     10 percent or more

            *November 22, 2011 through September 30, 2016

 

Refinancing Loans

 

0.50%

 

0.50%

Interest Rate Reduction

 

Other

 

0.50%

0.00%

 

0.50%

0.00%

Assumptions

Service-connected Veterans

 

 


1 includes ‘Cash-Out’ Refinancing loans

 

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Topic:
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ActiveRain Network Referral Base
Military
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Rainer
381,879
Brian England
Realtor, MBA, Real Estate in East Valley AZ
Arizona Focus Realty

Great information, thanks for sharing, I really like to stay in touch with what is going on with the VA loan.

December 06, 2011 12:23 PM
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Rainmaker
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Kevin Kenagy

Oregon VA-FHA-Jumbo Financing
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