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What are the interest rates on va streamline loan, the funding fee, and the cost of a 285000 loan

Have a VA loan at 3.75 % House appraised at 318000, the loan is down to 285000. Only interested in 30 year loan (40 if available) How much is the streamline funding fee and the cost of the loan? Thank you
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September 27 2012 - Spring Valley
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Answers (2)

Good Morning,

The funding fee on a VA streamline is 0.50% of the loan amount and that is added to your loan.  If you have a VA disability of 10% or greater than the FF would be waived.

Currently, most of the closing costs can be covered with a lender credit so that your out of pocket cost will be close to nothing.

Feel free to reach out to me for more info, I am in San Diego.

Thanks!
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September 27 2012
if you are a disabled veteran the funding fee is waived.
if not the funding fee is .5% of the new loan amount or $1,425
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September 27 2012
 
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