VA Loan Closing Costs
Can VA closing costs be rolled into a VA mortgage?
Absolutely. When doing a VA Streamline Refinance you can roll 100% of your VA closing costs into your loan and still get a max of $500 cash at closing. On a VA home loan purchase you can have the seller contribute your entire VA closing costs. On VA Cash Out Refinancing the maximum loan amount is 90% so as long as the closing costs are included in the 90% loan-to-value you can roll them in.
Can I close without a down payment and out-of-pocket expenses at closing?
Yes.
VA Closing Costs Table
The table below shows potential fees and charges in addition to the Lender’s 1% Origination Fee.
Charges | Description |
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Appraisal |
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Compliance Inspections | Compliance inspector’s fee or appraiser’s fee. |
Recording Fees | The recording fees, recording taxes or other charges incident to recordation. |
Credit Report | The credit report obtained by the lender. Note: For Automated Underwriting cases, the veteran may pay the evaluation fee of $50 in lieu of the charge for a credit report. For “Refer” cases, the veteran may also pay the charge for a merged credit report, if required. |
Actual discount points | Actual discount points |
Prepaid Items | The portion of taxes, assessments and similar items for the current year and the initial deposit for the tax and insurance account. |
Hazard Insurance |
|
Flood Zone Determination |
Note: A fee may not be charged for a flood zone determination made by a lender or an appraiser. |
MERS Registration Fee |
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Survey |
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Title Examination & Title Insurance |
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Special Mailing fees for Refinancing Loans | For refinance transactions only: Charges for Federal Express, Express Mail or similar services if the saved per diem interest cost to the veteran will exceed the cost of special handling. |
VA Funding Fee | Unless exempt from the fee as evidenced by a Verification of VA Benefit Related Indebtedness (VA Form 26-8937). |
Other fees authorized by VA |
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Attorney’s fees |
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Why choose VA Loan Desk?
A division of Belem Servicing LLC DBA Patriot Home Mortgage-
Our Experience
Patriot Home Mortgage and VA Loan Desk finances more homes for veterans than any other VA lender in the United States.
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Our Expertise
Years of experience gives us unmatched expertise that ensures you get the most from your VA benefits.
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Our Network
VA Loan Desk’s vast network of lenders throughout the U.S guarantees you the lowest possible VA loan rate.
Call to talk with a VA Loan Specialist.