VA Loans are now less expensive for our Military.

 

The VA department of housing will be reducing their Funding Fee starting October 1st 2011.

See the new schedule of fees below

 

 

Purchase Loans Funding Before October 1st, 2011
Down Payment	Active Duty	Reserves/NG
0% to 4.99%	2.20%	2.40%
5% to 9.99%	1.50%	1.75%
10% +	1.25%	1.50%
Second time use, purchase of an eligible property
Down Payment	Active Duty	Reserves/NG
0% to 4.99%	3.30%	3.30%
5% to 9.99%	1.50%	1.75%
10% +	1.25%	1.50%
Purchase Loans Funding On or After October 1st, 2011
Down Payment	Active Duty	Reserves/NG
0% to 4.99%	1.40%	1.65%
5% to 9.99%	0.75%	1.00%
10% +	0.50%	0.75%
Second time use, purchase of an Eligible Property
Down Payment	Active Duty	Reserves/NG
0% to 4.99%	2.80%	2.80%
5% to 9.99%	0.75%	1.00%
10% +	0.50%	0.75%