VA funding fee - roll partial amount into the loan

[Brandon Hoffman]

Originally Posted by SmartMoney

The funding fee must be financed or paid in cash, but not split.

Correct.

[freevaloan4vets]

Originally Posted by SmartMoney

The funding fee must be financed or paid in cash, but not split.

This is no longer true. I know a lot of search results point to no but I know from experience that the funding fee can be split among the lender and veteran on refinances. On purchase transactions, it can be split between any combination of seller, lender and veteran.

[dontaskwhy]

Originally Posted by freevaloan4vets

This is no longer true. I know a lot of search results point to no but I know from experience that the funding fee can be split among the lender and veteran on refinances. On purchase transactions, it can be split between any combination of seller, lender and veteran.

Don't forget that this thread was started in 2010.

[onevthoki]

While this may be an old thread, still relevant as VA loans are one of the only 100% financing options still out there. It is my understanding that the funding fee must be paid in full, or financed. In my area, some Purchasers are asking the Sellers to pay for the funding fee. So in the additional financing terms of the contract, I would write, "$15,000 in closing cost assistance that may be used for closing costs, prepaids, points and/or VA funding Fee."