> VA Loans and Estate Agent/Broker Fees
Are you a house-hunting self starter? Do you enjoy going neighborhood to neighborhood looking for "for sale"signs? Some people enjoy this process, others don't. Some prefer to look in person, others begin searching online. And still others like to get the help of a local real estate agent.
Whether you went searching for an agent or came in contact with one at an open house or similar venue, agents and brokers can be helpful for some people looking for that perfect neighborhood. Those who want to buy a home with a VA mortgage are free to take advantage of these or similar services.
But does a VA borrower have to pay an estate agent fee or a broker fee in connection with a home purchased with a VA mortgage?
The VA Lender's Handbook has guidelines for broker and agent fees. These guidelines are found in Chapter Eight, Section Three, which says, "Fees or commissions charged by a real estate agent or broker in connection with a VA loan may not be charged to or paid by the veteran-purchaser."
The VA does NOT discourage or forbids a VA borrower from using such services, but the VA rulebook is clear on fees charged to the borrower in connection with those services. In addition to the rules mentioned above, VA guidelines also state
Reference Link: http://vastreamlinemortgage.net/