What is a VA Funding Fee? (Updated 2021)

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Jimmy Vercellino, Mortgage Loan Originator/Regional Residential Mortgage Director NMLS 184169 at First Western Trust
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What is a VA Funding Fee? When buying a home, the Department of Veterans Affairs will charge you something called a VA Funding Fee. In this video I explain what it is, how you can avoid it, and strategies to reduce it, saving you thousands on your next home purchase.

#VALoansForVets #VAFundingFee #VAMortgages

[alvasquez]

It's interesting how many Realtors and lenders don't know this, thanks

[TheLadyBarker]

Great info. Thank you. Your videos are quick, fun and full of very useful information! I appreciate all the work that goes into these learning tools. It’s helping me grow my financial knowledge fast.

[shadorismartin]

Good morning! Thank you for these videos. Do you do lending in GA?

[shadorismartin]

Good morning! I just came across your videos yesterday looking for info on VA construction loans. I’m in GA, do you have any lender affiliations in GA who could do this? I see you are in AZ

[DChase-kypg]

Question or rather scenario: I am working with a SM that is closing on a home this month, but doesnt retire until August. Is there a way to recoup the fee back? Hopefully that made sense.

[ANDREASHAVON]

What if your active duty with a va disability rating?

[gluv]

what does non exempt no sc combined percentage mean

[deathprf]

Could the fee be dropped altogether?…with say…putting 30 or even 40 percent down?