VA Loan Borrowers Getting Any VA Disability Get to Waive Funding Fee

If you are veteran and you are getting any service related disability pay, the finding fee on your VA home loan will be waived.  It does not matter how minimal your disability pay is, if you are getting any at all this fee is waived.  This is huge savings.  For example, the following lists the savings for first time VA benefit users by not having to pay the VA home loan funding fee:

• $200,000 VA loan=$4,300 savings
• $300,000 VA loan=$6,450 savings
• $400,000 VA loan=$8,600 savings

So as you can see this is a substantial benefit to you.  The VA funding fee (if it has to be paid) is rolled into the mortgage it is not paid up front.  So make sure when you apply for a VA loan you tell us that you are receiving VA disability pay and we will have you fill a form we will send to VA to verify this and we will waive this fee.

So if you are considering buying and you are an active military member or veteran think about using your VA benefits to purchase a home or refinance.  Some highlights of the benefits of VA loans:

• 100% fianancing
• Seller can pay 4% of the purchase price in your closing costs
• Historically low 30 year fixed rates
• Not credit score driver
• Flexible underwriting guidelines
• 100% cash out refinances
• Interest rate reduction refinances

Don’t hesitate to call or email if you have questions.

Warm Regards,

Rob Chomentowski

Sr. Loan Officer (and VA specialist)

rob@affinity-financial.com

858-922-7899