Funding Fee

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: [...]

2019-07-09T10:49:39-05:00July 10th, 2019|

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 [...]

2019-05-23T13:57:09-05:00May 24th, 2019|