If you’re planning to use a VA Home Loan to purchase or refinance your home, you’ll need to be prepared to pay a “funding fee” as part of your closing costs. How much you’ll pay depends on your loan type, down payment, and a few other variables.
To help AAFMAA Members in this situation better understand the funding fee, what you can expect to pay, and your payment options, we’ve asked AAFMAA Mortgage Services LLC (AMS) Chief Operating Officer Stacey Daniels to explain the current fee structure and exemptions.
Read the full story in the AAFMAA Learning Hub to see what they had to say.
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