Can I refinance my current house and get a VA loan?
I am a veteran, used it in the past and got a mortgage again without the VA. now that rates are really low, I really want to take advantage of these rates and I want to use the VA so I can avoid PMI and I understand there is a funding fee with the VA
I am about to purchase my first house. The mortgage company that I am speaking with at this time is charging me 2% as a VAFF or VA Funding Fee in addition to all of the other closing costs and fees one would normally pay.
Upon reading the regulations for VA loans and mortgages, I have found the wording “reasonable costs” associated to this expense.
Is 2% a reasonable fee for VAFF?