greg4mtgs
Member
Registered: 02/20/06
Posts: 92
Loc: Palm Beach County, Fl
First off, why in the world would you do a va loan on a 75% LTV deal.
The sellers costs are essentially the non allowables.
Here are a few
Loan Application Fee Processing Fee Lender's Administrative Fee Document Preparation Fee (unless the documents were prepared by a company other than the lender) Documentary Transfer Stamp Tax Attorney's Services (other than title work) Interest Rate Lock-in Fee Postage/Delivery Fee Loan Tie-in Fee Photo Fee Notary Fee Underwriting Fee Escrow Fee
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"The truth the whole truth and nothing but the truth"
A VA loan is helpful if you require 100% financing. If you are putting 100k down a VA loan is the last type of loan you would consider. You will not have to pay a funding fee.
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H.D. Hill Homestead Mortgage LLC "Florida's Premier Mortgage Lender" 813-385-7195
Registered: 04/19/05
Posts: 200
Loc: LAS VEGAS, NV.
Ok thanks I thought I messed up and wrote the offer conventional and then thought and assumed they were doing a va loan because they were retired in the military.. I was worried we would have to explain we messed up on the offer but just got confirmation today that it wasnt a va loan .Thank good ness. seller wouldve had to pay some lenders fees. That wouldve messed up the whole deal. Dont know much about va loansthankss ...
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