One of the typical VA IRRRL closing cost items is the VA funding fee. The VA funding fee is the ONLY fee that is REQUIRED by the VA.
VA Funding Fee The IRRRL VA funding fee may only be paid in cash or financed as part of the mortgage (as long as the inclusion of the funding fee to the mortgage amount does not exceed the current maximum mortgage amount). However, the funding fee may be split only when the total loan amount […]
Many times, Veterans who currently have a VA loan have questions about the VA IRRRL program and so we thought we would highlight some of those questions as we came across them so that other Veterans who may have the same question can easily find the answer. VA IRRRL Program: What Fees Does The VA […]