Tucson AZ Home Loan Info

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Good News for REALTORS and VA Buyers: VA Funding Fee DECREASING!

VA funding fee DECREASING! Mike in Tucson, AZ Mortgage Lender

Effective for Loans closed on or after October 1, 2011, the VA funding fee will decrease dramatically!

REALTORS

If you are a REALTOR fortunate enough to be selling real estate in a military town like Tucson, AZ, this is great news.  The VA has not given us a complete chart yet; I will post again when that happens.  For the moment, this is what they have sent us.

VETERANS

If you're a Veteran looking to use your VA eligibility, this will reduce the upfront cost to you.  Call your favorite REALTOR and let them know that you are in the market to buy a home. 

Both home prices and mortgage rates are at the lows of your lifetime (or better) and now, the cost of the funding fee has been cut as much as 50%!  It's time to buy a home!

_____________________

I'm Mike in Tucson, your preferred Tucson Arizona Mortgage Lender

NMLS #223495

SUNSTREET MORTGAGE LLC ~ Correspondent Mortgage Bank
Offices in Mesa, Tucson, Sierra Vista & Nogales

 

Comment balloon 25 commentsMike Jones • August 16 2011 03:58PM

Comments

This is good news and a great post...thanks for sharing the update!!

Posted by Cory Barbee, Broker (760) 563-4022 about 8 years ago

Cory,

In a military town like San Diego, you'll profit from this!  Good luck, and thanks for being the first to comment!

Mike in Tucson

Posted by Mike Jones, Mike Jones NMLS 223495 (SUNSTREET MORTGAGE, LLC (BK-0907366, NMLS 145171) ) about 8 years ago

Hi Mike,

That's great news!  We have 3 navy bases here in Kitsap County and do a lot of VA loans, but I have not yet heard of this change.  Is this changing nationwide?  Did you hear about this directly from VA?  Please let me know!

Thanks!

Posted by Kevin Hancock, The Hancock Mortgage Team (Evergreen Home Loans) about 8 years ago

Good news for us Vets and Mortgage guys.  This information hasn't reached me from my own corporate office.  Glad to see you are on top of your game.  Best regards, Jeff.

Posted by Jeff Kirkpatrick about 8 years ago

Wow Mike - incredible news!  Here's hoping many of our heroes are able to take advantage of this!!

Posted by Emmary Simpson, Serving Las Cruces, NM (Las Cruces Homes and Land) about 8 years ago

This is great news, Mike!  I will definitely have to spread the word out here in San Diego.  Lots of opportunity to take advantage of this.  Thanks for keeping us in the loop.

Posted by Jennifer Dominquez, Realtor - San Diego California Homes For Sale (Home Vision Realty) about 8 years ago

Great news for those who do not qualify for a waived funding fee.  I'll spread the word in Northern Virginia.

Posted by Cindy Jones, Pentagon, Fort Belvoir & Quantico Real Estate News (Integrity Real Estate Group) about 8 years ago

Mike, I've heard that if a veteran is receiving service related disability payments, these fees may be gifted.  Is that correct?

Posted by Bob Marsh, Broker,480-529-2936, Warm Weather Real Estate (Warm Weather Real Estate) about 8 years ago

Mike - It's a strange day when fees are reduced for anything related to mortgages and the government. It's good news, but I'm confused by it.

Posted by Larry Brewer - Benchmark Realty llc (Benchmark Realty LLc) about 8 years ago

Hey Mike,

Thanks a bunch, this is the first I've heard about it!

Posted by Lynda Eisenmann, Broker-Owner,CRS,CDPE,GRI,SRES, Brea,CA, Orange Co (Preferred Home Brokers) about 8 years ago

Well good news for qualifying VA veterans for mortgages!  It's a first for me too!

Posted by Renée Donohue~Home Photography, Western Michigan Real Estate Photographer (Savvy Home Pix) about 8 years ago

Mike

The decrease in funding fees will help families buy homes.

Good luck and success.

Lou Ludwig

Posted by Lou Ludwig, Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC (Ludwig & Associates) about 8 years ago

Lou,

Yes it will!  Thanks for stopping by.

Renee,

I'm glad to see you; thanks!

Lynda,

It's hot off the press!

Larry,

They're looking for anything that might make the political situation better, IMHO.

Bob,

If a veteran is receiving disability, part or all of the fee is waived, depending on the disability.

Cindy,

Good job!

Jennifer,

Good luck in San Diego!

Em,

AMEN!

Jeff,

We got it from our Govie Underwriter.

Kevin,

It's direct from VA.  We'll blog more as we receive more.

Mike in Tucson

Posted by Mike Jones, Mike Jones NMLS 223495 (SUNSTREET MORTGAGE, LLC (BK-0907366, NMLS 145171) ) about 8 years ago

Mike, This IS great news. Our Vets need all the assistance we can give them in buying a home.

Posted by Kathleen Daniels, San Jose Homes for Sale-Probate & Trust Specialist (KD Realty - 408.972.1822) about 8 years ago

Nice.

Posted by Ann Heitland, Retired from Flagstaff Real Estate Sales (Retired from RE/MAX Peak Properties) about 8 years ago

Mike, this is so exciting! I have a VA buyer negotiating a contract right now - but it will be finalized before Oct. 1. I'm surprised we haven't heard anything from our local lenders about this yet. We know who is cutting edge, and that would be you!

Sharon

Posted by Sharon Alters, Realtor - Homes for Sale Fleming Island FL (Coldwell Banker Vanguard Realty - 904-673-2308) about 8 years ago

This is terrific news! Thanks for posting and sharing the information, Mike.

Posted by Mike Mayer (Mike Mayer, Broker/Owner - i List For Less Realty, LLC) about 8 years ago

This is very good news. I hope it spreads all over.                                    

Posted by Sandy Acevedo, RE/MAX Masters, Inland Empire Homes for Sale (951-290-8588) about 8 years ago

Great news, thanks for sharing it and I will reblog to be sure it gets to more

Posted by Rosemary Brooks, The Mother & Daughter Realty Team (BMC Real Estate - 209-910-3706) about 8 years ago

Thank you for the post and for sharing the good news. I will bookmark this post and share with others.

Posted by Gita Bantwal, REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel (RE/MAX Centre Realtors) about 8 years ago

Thanks for this great news!  This is the first I have heard on this decrease.  I am reblogging this to get the word out!

Posted by Sherri Berry, Murfreesboro TN Homes & Real Estate (Reliant Realty, Murfreesboro) about 8 years ago

Good news and input plus so many vets don't know how they can move and shake in today's Real Estate arena

Posted by Richie Alan Naggar, agent & author (people first...then business Ran Right Realty ) about 8 years ago

Mike, this is great news! I've always hated how high the funding fees were for the VA loans!

Posted by Connie Harvey, Realtor - Nashville TN Real Estate (Pilkerton Realtors) about 8 years ago

This is great news for this buyer segment. Now, let's close some deals

Posted by Harry F. D'Elia, Investor , Mentor, GRI, Radio, CIPS, REOs, ABR (RentVest) about 8 years ago

Great information, Mike.  AND October 1 is just around the corner.  This is going to make my clients very happy.

Posted by 1~Judi Barrett, BS Ed, Integrity Real Estate Services -IDABEL OK (Integrity Real Estate Services 118 SE AVE N, Idabel, OK 74745) about 8 years ago

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