Do veterans pay funding/orgination fees if they are using their VA the first time. My loan officer said she never heard of such.

Asked by Janet, Aberdeen, MD Tue Sep 3, 2013

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Akil Walker, Agent, Upper Marlboro, MD
Tue Sep 3, 2013
Hi Kazmax,

The good part is you add to your loan. Good luck
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Flag Tue Sep 3, 2013
Janet, , Aberdeen, MD
Tue Sep 3, 2013
I am 100% disabled. Where can I find that information in the VA regulation? What about transfer tax fees on a new home?
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brent mendel…, Mortgage Broker Or Lender, Bethesda, MD
Tue Sep 3, 2013
Veterans pay a funding fee of 2.15% unless they are disabled or put down 5%. It's rolled into the loan and does not have to be paid upfront as a fee. Although that is certainly an option.
So if you have a loan of $100,000 the total loan amount would be $102,150. I specialize in VA loans and would be happy to explain the features and benefits of the loan to you. What exactly is your loan officer unclear about? Hope this was helpful, always available to assist a veteran.

Thank You,
Brent Mendelson
Senior Loan Officer
1ST Mariner Mortgage
Lending in all 50 states
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