I wanted to let you know that on November 21 the president signed HR 674.
This bill resets the VA funding fee rates for up front mortgage insurance on VA loans.
Here are the new rates…
Down Payment First Time Subsequent
0-4.99% 2.15% 3.30%
5%-9.99% 1.50% 1.50%
10% or more 1.25% 1.25%
If you are needing some advice on VA loans – give me a call or shoot me an email. I’ll be happy to help you out!
I hope you have a good day today! Thanks for reading!
Brett
Did you know we have a mortgage program that doesn’t require any income documentation when…
Did you know even if you have “challenged” credit you can still get a low…
If you receive money from the State or a County sponsored organization for providing foster…
I wanted to address the two most common questions that I get regarding reverse mortgages……
If you purchased a home using your own cash, and now would like to pull…
I wanted to let you know we have a 2% to 5% downpayment and closing…