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Is the VA Funding Fee considered Mortgage Insurance for tax purposes?
no,
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 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.
Is there a Va loan specialist in Dallas Texas?
We are a local mortgage banker/broker that specializes in VA loans in the Dallas Texas area. Our comany, LMI Funding, has a network of VA loan lenders that enable us to extend to you several options on this great program and I personally have over 10 years experience with this program. Give me a call at your earliest convenience so we can discuss further details. Thanks, Eloy Benavides Personal Loan Consultant Platinum Financial Group of LMI Funding 214 607-1445 eloy@platinumfinancialonline.com www.PlatinumFinancialOnline.com
What is legal interest rate on consumer loans in va?
15% plus a fee for 6% late payments is what is allowed in VA for Consumer loans. Also, Virginia law requires payday lenders to be licensed even if they have a storefront business in Virginia. David
Is the VA Funding Fee considered Mortgage Insurance for tax purposes?
no,
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 percentage of disability is needed to waive a VA funding fee on home loans?
a veteran has to be of 100% disability i asked at the regional loan center in my area. m.Johnson Georgia
Are computers tax exempt under the Virginia tax holiday?
No, only items under $100 dollars are exempt in VA's tax exempt holidays. I wish they were!
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.
Alabama probation fee how can you be exempt?
Who is a good bad credit lender online
What is the first time veterans loan purchase funding fee?
january31,2009
If ss disability payments are exempt from a bankruptcy why would your disposable income change if the only added income was from the ss?
Is VA Disability income exempt from bankruptcy income claim?
What is the Violation fee 313.01 In Hapers Farry West Va?
$1,000,000
What is the industrial funding fee?
The IFF is a fee collected by GSA Schedules contractors and remitted to GSA on a quarterly basis. It is .75% of your GSA sales for the quarter.
Can a bank garnishs a VA disability check for a default debt to the bank?
No - not social security and not disability - they are totally exempt.
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.
