Big News On VA Loans Starting October 1st…

Good Morning!

There’s big news on VA loans staring October 1st 2011.

…The funding fees are being reduced by the government!

Here is the new schedule…

First Time Entitlement Use
Down Payment Active Duty National Guard Reserve List
None Current rate = 2.15% / After 10-1-2011 = 1.4% Current rate = 2.4% / After 10-1-2011 = 1.65%
5% or more Current rate = 1.5% / After 10-1-2011 = .75% Current rate = 1.75% / After 10-1-2011 = 1%
10% or more Current rate = 1.25% / After 10-1-2011 = .50% Current rate = 1.50% / After 10-1-2011 = .75%

Subsequent Use Of Entitlement
Down Payment Active Duty National Guard Reserve List
None Current Rate = 3.3%
After 10/1/2011 = 2.8%

Have a good day today! …and thanks for reading.

Brett