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QUESTION

What are the fees or charges associated with using Veterans United's services?

ANSWER

20

Veterans United, as one of the leading lenders for VA loans, typically charges various fees and costs that are standard within the mortgage industry. These costs can include an origination fee, typically up to 1% of the loan amount, which covers the lender's administrative expenses. Additionally, there may be other third-party fees required for services like appraisals, credit reports, title insurance, and recording fees. It is also common for borrowers to pay for a VA funding fee unless exempt due to disability or other qualifying factors. This funding fee varies depending on factors such as the type of service, down payment size, and whether it is a first or subsequent use of a VA loan benefit. To get exact figures tailored to their situation, homebuyers should consult directly with Veterans United or refer to official loan documentation for a detailed breakdown of applicable charges.


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04.21.2024
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