THE MORTGAGE MENTOR

       Purchase And Construction Loans

Type of Veteran

        

Regular Military

    

     

Reserves/National Guard

   

Cash-Out Refinancing Loans

  Type of Veteran

     Regular Military       

     Reserves/National Guard

      Other Types Of Loans

Percentage for Either Type of Veteran  Whether First Time or Subsequent Use

Interest Rate Reduction Refinancing Loans50%

Manufactured Home Loans                    1.00%

VA Loan Assumptions                                   .50%

First Time

Use

1.40%

0.75%

0.50%

1.65%

1.00%

0.75%

1,40%

1.65%

Subsequent

Use

2.80%

.0 75%

0.50%

2.80%

1.00%

0.75%

2.80%

2.80%

The higher subsequent use fee does not apply to these types of loans if the veteran’s only prior use of entitlement was for a manufactured home loan.

  VA Funding Fee Effective November 18, 2011

Down

Payment

0%

5% to 9.99%

10% or more

0%

5% to 9.99%

10% or more

California Home Loans Since 1970

       Purchase And Construction Loans

Type of Veteran

        

Regular Military

    

     

Reserves/National Guard

   

Cash-Out Refinancing Loans

  Type of Veteran

     Regular Military       

     Reserves/National Guard

      Other Types Of Loans

Percentage for Either Type of Veteran  Whether First Time or Subsequent Use

Interest Rate Reduction Refinancing Loans50%

Manufactured Home Loans                    1.00%

VA Loan Assumptions                                   .50%

First Time

Use

2.15%

1.50%

1.25%

2.40%

1.75%

1.50%

2.15%

2.40%

Subsequent

Use

3.30%

1.50%

1.25%

3.30%

1.75%

1.50%

3.30%

3.30%

  VA Funding Fee Prior to November 18, 2011

Down

Payment

0%

5% to 9.99%

10% or more

0%

5% to 9.99%

10% or more

Your Mortgage Mentor

California Home Loans Since 1970