VA home loan expert Chris Birk explains how some eligible borrowers can receive a VA funding fee refund.
There are times when VA buyers pay the funding fee at closing but can later obtain a refund. Veterans and military buyers who receive compensation for a service-connected disability don’t have to pay this fee. Neither do surviving spouses and Veterans rated eligible to receive disability compensation due to a pre-discharge exam or review. Veterans on active duty who are entitled to receive disability compensation are also exempt.
Time Stamps
0:10 - Purpose of the Fee
0:42 - Exemptions
1:54 - Qualifying for a Refund
2:30 - VA Decision
2:56 - How the Fee is Refunded
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16 окт 2024