Sunday, April 24, 2005

http://www.a1-veteran-loan.com/index.html

If the lender has been approved under the Veteran's Lender Appraisal Processing
Program, the lender may review the appraisal completed by a Veteran assigned appraiser and close the VA loan on the basis of that review. The
LAPP process can further speed the time to VA home loan closing.

Take advantage of discounts on funding fees for Veteran
Loans
A
funding fee of 2.0% has to be paid by everyone except veterans who are
exempt from this fee. The funding fee will be reduced to 1.5% with a deposit
of 5% or more. With a down payment of 10%, it will be reduced to 1.25%.
There are similar discounts on funding fees payable by Reserve and National
Guard veterans. Funding fees can be paid in cash, or may be included in the
Veteran loans themselves.

In addition, Veteran loan providers are permitted to charge reasonable closing
costs where necessary.It is not permitted to include these costs in
the Veteran home loan amount itself. Closing costs can vary between finance
companies as well as between the States b