Click To View Links

Veteran's responsibility fees on VA Loans

by Meg
(Titusville, Florida, USA)



I am a veteran and a first time home buyer applying for a VA Loan to purchase a house, what are the fees that they can charge me on processing a loan?

=====ANSWER=====

Hello Meg,

When it comes to VA closing costs, they are minimal. The most expensive fee is what they call the funding fee. It is 2.15% of the purchase price for first time home buyers.

The best part of that is you can finance it into the loan if you want to. So in effect you can get a zero down home loan.

For other VA Loan Requirements you may want to check out this page. It even has a form on the top of the page you can fill out to see if you qualify for a VA loan.

The VA Home Loan is a very good loan product for veterans. You should find it fairly easy to qualify for, the biggest problem is finding a lender that does VA loans.

The links on this page should help you out.

I wish you the best,

Jeffrey Ragan


Click here to post comments

Join in and write your own page! It's easy to do. How? Simply click here to return to Ask The Expert.

New Jersey Grants

Click on Image to Learn More

South Carolina Grants

Click on Image to Learn More

Recent Articles

  1. FHA Lending Guidelines

    Jun 10, 17 02:58 PM

    According to the FHA lending guidelines, is it possible for escrow to be paid out of packet instead of rolled into the loan? What are the guidelines for a 2nd time home owner? These are answered below…

    Read More

  2. FHA Title 1 Loan Explained

    Jun 08, 17 08:15 PM

    Are you interested in the FHA Title 1 Loan program and wonder where to find a lender who works with this program? Others have wondered the same thing, find the answers on this page.

    Read More

  3. FHA Help

    May 26, 17 03:14 PM

    Would you like some FHA help? Perhaps you are wondering if it is wise to add a significant other to the mortgage? Or why a mortgage company would ask you to go conventional instead of FHA? Find answer…

    Read More

Buyer Programs

fha loans

The FHA Loan Products

Home Buyer Grants

zero down home loans

Zero Down Home Loans


Follow Us On Twitter

follow me on twitter