Virginia Mortgage News and Views

!Great News for our Veterans and Active Duty!

The required V.A. Funding Fee is being reduced effective October 1, 2011. The charts below show you the difference between the old and the new. What this means is that overall mortgage payments will be coming down for the Veterans and Active who choose to use their well deserved benefits.

These reductions are applicable to all V.A. loans closed after October 1,2011 in the Richmond,Va. area. In fact, regardless of when the loan application was taken, if your loan is closing after the new date, then the new funding fees apply!

Take a look at the charts below. As always, if you have any questions or need some advice, do not hesitate to call Jamie Lee Chafin, Village Bank Mortgage, 804-897-1000. I love helping Vets and Active Duty with their home loan needs!

First Time Users:

Subsequent or Repeat Users

It never hurts to talk! Pick up the phone and call now! Jamie Lee Chafin, Village Bank Mortgage, Richmond, Va., 804-897-1000