Tag: Funding Fee Exemption

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 – Disability Income Exemption: If a borrower receives disability income from VA, are they exempt from the funding fee on subsequent loans? VA Funding Fee Chart – NEW MTP™-Who is Exempt from the VA Funding Fee?

Answer: An eligible veteran is exempt from the funding on all VA loans they obtain.  There is no limitation on the number of loans they may obtain without paying the funding fee. Reference: VA Lenders Handbook Chapter 8 Who is Exempt from Paying the Funding Fee? The following persons are exempt from paying the funding […]

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