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Chapter 8 Borrower Fees and Charges and the VA Funding Form

Chapter 8 Borrower Fees and Charges and the VA Funding Form

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so I'm just going to kind of skip ahead just a little bit okay uh because a question that's on my mind is about the VA funding fee okay this is not something that we've had for a long time and can you just kind of explain the VA funding fee a little bit and then answer if it is if everyone has to pay it or are there some people that are exempt from it gotcha so the VA funding fee is just the cost to use the VA home loan that goes back to the VA uh to make maintain the program so just keep in mind the VA is funded by the federal government like that it's in their fiscal budget and that's how they're funded uh so for the most part it's not they they don't have a way to generate profit really so the VA funding fee is a way to kind of essentially have more funds available for the VA to be able to uh do anything they need with it uh it's most specifically to help Veterans of course um but the VA funding fee again is jus

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