Tag: disabled veteran

VA – Waiving the Funding Fee on a Disabled Veteran

Question: My clients are both Veterans and one is a disabled Veteran. Will VA allow me to exempt the funding fee when only one is disabled? Answer: You can use either veteran’s eligibility for the loan. Simply list the disabled spouse as the primary borrower, use their eligibility, and the funding fee will be waived. […]

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VA Funding Fee Guidance – Circular 26-19-17 – Change 1 -Dated 10-17-2019 – New Chart VA Funding Fee Guidance – Old vs. New

Written by: Tracey Rumsey, Staff Writer It looks like there were a lot of closing issues related to VA Funding Fee exemption. In this article VA clears up that confusion by offering more detailed guidance. Rule Synopsis: Effective immediately, the VA has made changes to Circular 26-19-17, Funding Fee Guidance to Lenders and Servicers. We […]

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VA- Circular 26-19-17 – Funding Fee Guidance to Lenders and Servicers – Dated June 28,2019

Written by: Tracey Rumsey, Staff Writer VA has issued some important updates in this bulletin that will help you prevent any delays in closing your Veteran clients. Pay close attention to our expert’s advice to avoid problems. Rule Synopsis: Effective immediately, lenders and servicers must comply with the following guidance regarding the VA funding fee: […]

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