Does the VA waive their home loan fees to disabled vets?

Question

I want to get a VA loan, but don't want to pay the fees, does the VA waive the fees for disabled vets? if so, would u happen to know where this info is located, i have searched on the VA website and couldnt find it... thanks..

Answer 1

I'm pretty sure you have to pay the fees regardless of your situation. The fee's escalate each time you use a VA home loan too. My husband and I are getting ready to buy for a 3rd time and the fee is up to 3% of purchase price now. That is going to add $6,000 to any loan we get! So we probably won't go VA this time. The nice thing is that you can get the fees rolled into the loan amount so you don't have to cough up anything at closing.

Every time we've filled out the paperwork I haven't seen any place on the questionaire where you state that you are disabled etc.

A good place to call would be USAA. They are pretty upfront about things and handle VA loans all the time so they should be able to answer your questions, especially if you're a member and membership is free! I have been very pleased with their homeloans in the past.

Answer 2

specific there is. The loans that your are cutting-edge on, stay cutting-edge on and pay them on time. Pay your different month-to-month charges on time as nicely. In as low as 3 months, you have got more advantageous your credit only from paying your standard charges on time. for the time of that 3 months you opt to start stocking away money right into a decrease fee costs account. your appropriate objective on the decrease fee costs is to have 6 months costs in it. 10% of your earnings is a sturdy quantity to place into decrease fee costs each and each week/month (whether you're paid). in case you have on no account owned a house till now, then there are additionally specific classes which will assist you purchase a house. verify with your community and see the place the abode paying for training are being held. The newspaper interior the real factors section will run bulletins for the learning. they're loose and open to the regular public (hardly you will ought to sign up if seating is constrained). they're many times subsidized by employing a lender and a real factors agent. and that they are many times held on the regular public library or a community midsection. interior the class they inform you the thank you to freshen up your credit and inform you what varieties of provides and loans are obtainable to you on your circumstances (there are loans and provides for single mothers, lady factors vendors, first time house vendors, specific desires and decreased earnings families, and HUD loans and provides--you already comprehend approximately your protection stress own loan) Get your self on a funds which you will stick to and shop. attempt to have some money to grant as a down fee--you will possibly be waiting to flee with putting an extremely small quantity down or no money down, yet be arranged to grant it besides using fact it seems stable which you will shop the money--shows you're a inspired client---and would make it extra handy to get you authorized for paying for. in case you do no longer use the money as a downpayment, then you definitely can positioned it in a definite financial organisation account which you employ purely to pay your loan.