VA Funding Fees Going Up October 1st, 2011 (Postponed Until 09/17/2011)

UPDATE: Gov’t postpones raising the Funding Fees Until November 17, 2011.

VA Funding Fees for loans closed on or after October 1, 2011
                                                     

1st-time User Previous User
Down payment Guard/Reserve Veterans Guard/Reserve Veterans
Less Than 5% 1.40 1.65 2.80 2.80
5% Less Than 10% 0.75 1.00 0.75 1.00
10% or More Down 0.50 0.75 0.50 0.75
VA to VA Rate Reduction
0.50 0.50 0.50 0.50
Cash Out Refinance*
1.40 1.65 2.80 2.80
VA Assumptions 0.50 0.50 0.50 0.50

  * includes Non_VA to VA Refinance           

Fee Schedule courtesy of Carolie Noyes, Mortgage Advisor, PHH/Coldwell Banker Home Loans (410) 533-6117    email Carolie at carolie.noyes@mortgagefamily.com

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