If You Used A Va Loan To Buy A House.

[jbasser]

Say you bought a house when you didnt have any service connection but had a claim filed.

Once you get your award letter even if it is 0 percent, you may be entitled to a funding fee refund, either cash if you paid it or the VA will credit toward principal paid.

This is news for some of us. The VA may owe a few of us some dinero.

J

[*Bergie*]

Say you bought a house when you didnt have any service connection but had a claim filed.

Once you get your award letter even if it is 0 percent, you may be entitled to a funding fee refund, either cash if you paid it or the VA will credit toward principal paid.

This is news for some of us. The VA may owe a few of us some dinero.

J

Vets who bought their home using their VA loan need to look into the Interest Rate Reduction Refinancing Loan (IRRRL), or "streamline." It is in your best interest, I just completed it and my new rate for a 30 year fixed is 4.25%. That is about $400.00 less per month.

JMO,

Bergie

http://www.benefits.va.gov/homeloans/irrrl.asp

Say you bought a house when you didnt have any service connection but had a claim filed.

Once you get your award letter even if it is 0 percent, you may be entitled to a funding fee refund, either cash if you paid it or the VA will credit toward principal paid.

This is news for some of us. The VA may owe a few of us some dinero.

J

Vets who bought their home using their VA loan need to look into the Interest Rate Reduction Refinancing Loan (IRRRL), or "streamline." It is in your best interest, I just completed it and my new rate for a 30 year fixed is 4.25%. That is about $400.00 less per month.

JMO,

Bergie

http://www.benefits.va.gov/homeloans/irrrl.asp

[Tbird]

The funding fee is waived if you are 100% Permanent. Not all banks know about this, so make sure and tell them if you are total and permanent.

[stillhere]

The VA funding fee is waived if you are a disabled veteran. You do not have to be 100% I have not paid a VA funding fee when I was 30% and again when I was 60%. Just tell your loan writer or the settlement company that you are a disabled veteran and they will not charged the funding fee.

If you have any questions about this go to www.va.gov and click on VA home loans.

[jbasser]

I did look at the qualifying criteria. It only states that one must have a service connected disability. That would include 0 percent.

J

[JR Reihs]

Vets who bought their home using their VA loan need to look into the Interest Rate Reduction Refinancing Loan (IRRRL), or "streamline." It is in your best interest, I just completed it and my new rate for a 30 year fixed is 4.25%. That is about $400.00 less per month.

JMO,

Bergie

http://www.benefits.va.gov/homeloans/irrrl.asp

Vets who bought their home using their VA loan need to look into the Interest Rate Reduction Refinancing Loan (IRRRL), or "streamline." It is in your best interest, I just completed it and my new rate for a 30 year fixed is 4.25%. That is about $400.00 less per month.

JMO,

Bergie

http://www.benefits.va.gov/homeloans/irrrl.asp

Bergie, that is good info.......Streamlines are easy, and rates right now are crazy low. I have an FHA and have made the call to do this same thing. Since I will not get a COLA this year, I will gain an extra 125 bucks per month by shelling out the 500.00 it will cost.

[john999]

What is maximum loan value for a VA loan. I got one about 23 years ago. At that time if was a great deal. I could buy a house for just a little more than I would have paid in rent in my neighborhood. Then house prices went crazy and the VA loans did not keep up with market value of houses.