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VA loan closing costs and non-allowable fees

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This video and its contents are not intended for residents or home owners in the states of MA, NY or WA.
Low VA Rates
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• VA loan closing costs ... #VAhomeloan Archived video notice: This video is not current and may contain content that, while accurate when recorded, may not reflect current market conditions. As is customary on the RU-vid platform, older videos remain in our account for transparency and statistical purposes, and we do not necessarily have control over which older archived videos RU-vid’s algorithm may suggest for you. For that reason, please always check the date of a video to ensure that it is dated recently before relying on its contents. The mortgage market is very dynamic and laws, regulations, rates, and programs are always changing. If we have a more up-to-date video on the same subject, you should be able to sort our videos by date uploaded on our main channel landing page: / lowvarates .

Опубликовано:

27 авг 2024

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Комментарии : 61

@techytv23 2 месяца назад

Today, is my shipping date, but i am 🎉 definitely taking an account of buying home through VA loan with you guys once I finished. Fingers crossed i get through this journey! Living in Seattle Washington by the way

@johnminer1407 2 года назад

Just closed. Had to escrow (pay at closing) 6 months insurance and taxes.

@lowvarates 2 года назад

Ok, is this a good thing or bad thing or do you have a question we can help with?

@ponleusoreyaa 2 года назад

Could you make an updated video on this topic, considering laws have changed and many aspects of mortgage lending has changed?

@lowvarates 2 года назад

We can but nothing about closing costs or non allowable fees has changed other than break even on closing costs for VA IRRRL and we have lots of updated content on that. That says, fresh content is always good.

@banta1978 4 года назад

I’m going to buy a home once I get back from my deployment. I would like to have you all as my VA Lenders. Do you all do business in the state of Louisiana.

@lowvarates 4 года назад

you bet we do. We are in all 50 states and DC (with the exception on NY and MA). Be safe and let us know when you are ready to go!

@kobo3920 3 года назад

Please feel us the additional Non allowances. Why cut it off?

@lowvarates 3 года назад

I am not sure what you are asking

@j.l.wilson2337 5 лет назад

I live in South Carolina. Can you do loans there?

@lowvarates 5 лет назад

Yes we can. Please call us directly or apply online at our website.

@zl.d9577 2 года назад

I’m planning to buy in Texas I was given a loan summary …how do I know if all these fees are even allowed!?

@lowvarates 2 года назад

We have an office in TX. Are you working with us?

@MrShekinah777 4 года назад

Is it better to get a loan with you guys or with the bank I’ve been doing business with for the past 10 years? If yes, why? if no, why not? Thank you 🙏🏻

@lowvarates 4 года назад

always with us! Just kidding. Really it is up to you to shop and also to decide what you need. I can see why someone may want to stay at their bank, keep all their accounts under one login, convenience etc. However, what if your bank gives you a bad rate or higher fees? There is a report from a consumer agency in the US that states very clearly and loudly that too many consumers getting mortgages just go with the company they understand and trust (name or experience) and end up paying way more over the loan. So my answer is to shop both your current lender/bank and us. We normally beat the major banks hands down. Our service is wonderful too in our opinion. Good luck and we would love a shot.

@MrShekinah777 4 года назад

Low VA Rates thank you very much for your detailed reply. I will give you and my bank a fair shot. Who ever gives me better numbers wins. I’ll be in touch 🙏🏻 happy red Friday

@lowvarates 4 года назад

Shekinah Shekinah you are awesome. Yes I’m wearing red today!

@MandoLarian007 5 лет назад

@VAlowrates what do you know of Veterans United? Credible???

@lowvarates 5 лет назад

Yes they are very good and reputable BUT, we can do whatever they can do but at LOWER rates or fees. If we can’t, then we will pay you $250, but yes they are a wonderful and reputable competitor of ours.

@MandoLarian007 5 лет назад

Thank You!!!

@MakeWay4CJ 4 года назад

Did you really just ask them a bout their competition? LOL! Wowwwww......

@veej4444 4 года назад

Nice to meet you guys I will be calling you I am interested in buying a home in Arizona within the next 7 to 8 months also does those fees apply to a veteran that’s 100% ??thank you

@lowvarates 4 года назад

We love hearing this. As a disabled Vet, your VA funding fee is waived and that is a pretty significant expense on a new home purchase so you wont pay that. However, you will still pay for appraisals and other necessary closing costs, but we can help you set it up so the seller covers your costs or even the lender (hopefully us) can cover your costs if you set the loan up that way. Congrats!

@dewismi 2 года назад

I wish I know your Chanel sooner, they charge us for commitment fee . Broker mortgage fee $10.462 and lot of fees.

@lowvarates 2 года назад

Can you send us a copy of your loan estimate and we can go over it and get back to you? email it to eric dot kandell at low va rates dot com

@dewismi 2 года назад

@@lowvarates well all purchase and documents is already done. It was done on November 😞

@lowvarates 2 года назад

@@dewismi we can still help you ask for a refund if we need to. Do you mind sending the closing disclosure to me?

@dewismi 2 года назад

@@lowvarates i will sent you email . Thank you Eric

@danieljustdaniel9550 3 года назад

How much does a normal credit report fee run along with other fees. my paperwork has $300.00.

@lowvarates 3 года назад

about 50 bucks for credit report on the high end 100. Who are you going with?

@danieljustdaniel8875 3 года назад

Home solutions Barstow Fl a preferred lender of the building company .

@lowvarates 3 года назад

@@danieljustdaniel8875 great to know and for all our veterans to know. Thank you

@BuySellColoradoSprings 4 года назад

VA loan Cannot be charged a realtor commission

@lowvarates 4 года назад

This is not true. Realtors get paid on all VA loans.

@Pj192130 6 лет назад

VA Loan. Who pays my Realtor fee. Is her or she considered a broker.

@lowvarates 6 лет назад

Great question! The seller of the home pays this fee. If you are buying a home you will NEVER pay a real estate fee at all. If you are selling then the fee comes out of the sales price and you can negotiate how much you are willing to pay the realtor. Most realtors would be considered brokers. Are you buying a new home or selling?

@Pj192130 6 лет назад

Low VA Rates We are buying a new home at a construction site.

@lowvarates 6 лет назад

Congratulations! So we are biased but we would love to show you what our loan terms will be and show you how much we can save you. We will be posting a video any day about how working with the builder's preferred lender/loan officer will end up costing you way more than the incentive they may be offering. So few things to consider, have you gotten more than one offer for the loan? Can we show you how we can beat that offer or pay you $250 if we cannot beat it? As far as your realtor, the builder will pay any and all realtor commissions when you buy the house, it will not cost you one thing.

@lildavenxs 5 лет назад

Do you guy's do loans in Indiana?

@lowvarates 5 лет назад

Yes we do and we would love the chance to assist you.

@Carbon15556 4 года назад

Hi...I have a VA loan, 100% disabled veteran and my plan is to lower my interest rate and take some money out to pay off a loan....I will be receiving a loan estimate this week but I want you guys to review the offer, just to make sure if is a good one or no.....but don’t want to speak to many people if I have to call back....is there a good phone number or maybe an email address so I can forward my loan estimate offer for review? Thanks for your help. Ivan.

@lowvarates 4 года назад

send to me, Eric Kandell directly. eric dot kandell @low va rates dot com

@Carbon15556 4 года назад

Low VA Rates ... Thanks Eric...as soonest it’s received will forward loan estimate to you....hey thanks for keep educating us and looking for all my fellow veterans.

@lowvarates 4 года назад

@@Carbon15556 you bet!

@sagetajr 4 года назад

Will being a cosigner of a house disqualify me from using my va loan?

@lowvarates 4 года назад

Not in and of itself. Here is how it could hurt you. 1. The other person you co-sign for stops paying or pays late, that hurts your credit. 2. Your debt ratio is affected because you are obligated on the loan you co-signed on, that could make you unable to afford another loan.

@yanlin515 4 года назад

i am about to closing va loan refinance,. my lender said i have to pay termite report, attorney fee. how to fight for it?

@lowvarates 4 года назад

go with a different lender. If they are not charging you an origination fee, then they could indeed charge you these "non allowable fees." If you have an origination fee, they cannot charge these fees.

@rainsingko4563 5 лет назад

I saw the home price on the website of the home developer which is $250,000, can the buyer still negotiate that?

@lowvarates 5 лет назад

You can for sure negotiate with the builder if he is the seller just as you could if the seller were a standard person.

@Dupreism 4 года назад

Is maximum amount allowed for an appraisal fee in Texas?

@lowvarates 4 года назад

What are you needing to know? I am sorry that I do not completely follow the question.

@lowvarates 4 года назад

did you man WHAT is the maximum you can be charged for an appraisal fee in TX? If so there is no Max, it is whatever the VA approved appraiser charges. All VA appraisals currently are ordered via the VA's own web portal and they allow the fees to fluctuate with demand and supply. We say appraisals in WA state get close to $1000 at one point!

@sugarbear1225 3 года назад

👍🏾

@lowvarates 3 года назад

Thanks!

@Scubagear1 5 лет назад

I am looking at moving to the Villages and have been told they will not accept VA loans on new homes. Is that legal? They claim it takes to long to close. I have discussed this with the VA and they tell me it averages 30 days , the same s the none VA LOAN.DO I HAVE ANY ALTERNATIVES?

@lowvarates 5 лет назад

They do have the right to do that, but that is super lame. I am not sure you want to start a big media show, but when someone blocks a deserving veteran from their VA benefits, it sure makes us mad. These loans do not take any longer than other loans, but the reality is perhaps the builder is not up to par or has sub-standard quality and the homes may not meet VA minimum property requirements. It is a sad thing that you are dealing with this. We would be happy to call the developer or builder and have a discussion for you. You may want to question if you really want to live in a community where they are not willing to allow a Veteran access to his/her benefits.