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