The way that lenders determine if a Veteran applicant is exempt from the VA funding fee is through their COE – Certificate of Eligibility. Veterans who are in the process of getting their rating information, versus already having one, should discuss this with their lender.
Related Article Title: 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 […]