Thursday, October 20, 2011 - Article by: North Star Bank - First National Bank Southwest -
newsflash.
The VA has changed their various funding fees back to the higher funding fees in place prior to the October 1, 2011. Implementation of the newer lower fees (excluding irrrl's). for now. These new changes will apply to all VA closings (purch and r/t) with note dates from now through nov 17th.
So be ready if you are actively engaged in a VA mortgage.
In addition, there is talk on the hill (the hill of broken promises) that additional legislation is pending that could throw a third set of funding fee changes our way prior to nov 17th.
Happy Hunting!
Cheers.
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