0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
Is the VA Funding Fee considered Mortgage Insurance for tax purposes?
no,
What percentage of disability is needed to waive a VA funding fee on home loans?
To waive the VA funding fee on home loans, a VA loan borrower must be receiving compensation for a service-connected disability rated at 10% or higher. This means at least a 10% disability rating is needed to qualify for a waiver of the VA funding fee.
Is the VA funding fee tax deductible?
See this link - IRS pub. 936 p. 7. Very well explained. http://www.irs.gov/pub/irs-pdf/p936.pdf Hope this helps! "Mortgage insurance provided by the Department of Veterans Affairs is commonly known as a funding fee."
What are the differences between a Va mortgage and a convention mortgage?
VA has easier qualifying guidelines for borrowers. They also have a funding fee that can be good/bad. You wont have to pay a monthly PMI, and you can come with zero down. Rates are great, and have nothing to do with your credit score Conventional - harder guidelines, and you may have to pay a high monthly PMI payment. You maybe required to put 5% down or 10% down in a declining market. Your credit score/down payment will determine your rate. FHA has same guidelines as VA, but only has a 1.5% funding fee. You will be paying a 0.5% monthly mortgage insurance premium for at least 5yrs. Rates are usually better than a VA loan.
What is the first time veterans loan purchase funding fee?
january31,2009
What is the Violation fee 313.01 In Hapers Farry West Va?
$1,000,000
What can you tell me about settlement funding?
Settlement funding is a great way to get a lump sum versus waiting for payments. Keep in mine thee is normally a sizeable fee for this service.
What is the industrial funding fee?
The industrial funding fee is a charge imposed by the federal government on contracts awarded to contractors under civilian agency or Department of Defense contracts. It helps cover the costs associated with administering government contracts and conducting audits. The fee is typically a percentage of the contract value.
What is the difference between paying a fee or making a contribution?
When paying a fee, it is a requirement that you do it. If you are making a contribution, it would be nice if you put toward it, but not a requirement. Contributing is the same a donating. You put time/funding towards something, but you're not forced to donate.
When to get into Bitcoin?
It depends on when you want, but now is the perfect time to purchase BTC; you can use Netcoins Exchange to buy and sell BTC with a zero fee on funding and withdrawal.
What do you need to qualify for a VA loan?
VA loans are specifically for returning veterans who cannot otherwise qualify for a loan due to bad credit, or other reasons. You must also be able to pay the 3.15% VA loan funding fee to receive this loan.
What is capital funds?
Access Capital Funding is a small business owned by Courtney Krenz that has been identified as an illegal, 'Advance-Fee' Loan broker! They are no longer "doing-business-as" Access Capital Funding, they now operate under the name "Assist Business Now."
