Call (727) 784-5555
didier at diddy a mortgage you want to
00:02
talk about the VA funding fee I had a
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situation that happened that a realtor
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asked me to put a little video on so
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listen you must always ask a veteran if
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they have their disability obviously
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when you do the loan application you put
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the VA funding fee on there and you know
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a first-time user is two point one four
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percent if they use it a second time
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it's three point three percent but if
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they have a certain percentage of
00:27
disability that VA funding fees waived
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so what happened was we had the VA
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funding fee and I put it on there and
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then they provided into our security now
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it being waived so went through
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different channels what to underwriting
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with the VA funding fee waived and then
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the borrower got disclosure showing the
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VA funding fee over and over but didn't
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say anything and we got to closing and
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that's why I go to my closings we were
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there and there was a VA funding fee we
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got it all corrected in two hours Boop
00:57
got it taken off but you gotta take note
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always ask if they have enough
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disability if they do have disability to
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have that VA funding for you wait that
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is a big deal because let's use a
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hundred thousand dollar loan if you are
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using it for the first time it's a two
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point one four factors so your loan
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amount would be one hundred two thousand
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one forty if you're a second time user
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it would be one hundred three thousand
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three hundred dollars but if you don't
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if you have the disability and you have
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it waived it's a flat 100 so it's really
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easy to know that and by the way I want
01:32
to throw this in there before I forget
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if you put like five percent down your
01:35
VA funding to use one and a half percent
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regardless first second third fourth
01:39
time user but those are important things
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to note follow through let's not have
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that VA funding fee on that closing
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statement I had it happen but I got it
01:49
corrected and that's another reason
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go to your closings be there to handle
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any situation that may arise and get it
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taken care of I'm Diddy and didier
01:58
mortgage wishing you a great week